Norway's Sovereign Wealth Fund Divests Remaining Stake In Adani Cos

Norway's sovereign wealth fund announced on Thursday that it has recently sold shares worth $1.35 trillion, which is nearly all of its remaining shares in companies owned by India's Adani Group.

The fund had previously sold its shares in five Adani companies since 2014 and, as of the end of 2022, it still held investments in three, including Adani Ports.

As of the end of 2022, the Norwegian fund held $52.7 million in shares of Adani Green Energy, $83.6 million in Adani Total Gas, and $63.4 million in ownership of Adani Ports and Special Economic Zone.