The federal government pension fund of Norway on Tuesday bought Residence First Finance shares for ₹77 crore by means of an open market transaction.
The Norwegian Pension Fund World is without doubt one of the world’s largest funds.
In keeping with bulk deal information on the Nationwide Inventory Change (NSE), Authorities Pension Fund World offloaded 7.50 lakh shares, or 0.84 per cent of its stake in Mumbai-based HomeFirst Finance Firm India.
The shares had been disposed of at a median value of ₹1,023.28 apiece, taking the transaction worth to ₹76.77 crore.
After the newest transaction, Authorities Pension Fund World’s holding has fallen to five.41 per cent from 6.25 per cent. Particulars of the consumers of Residence First Finance’s shares couldn’t be ascertained.
Residence First Finance’s shares rose 2.12 per cent to shut at ₹1,040 apiece on the NSE.
