Government Pension Fund Global (Norway) decreased its stake in Exide Industries Limited from 2.41% to 2.30%, reducing its holdings by 932,059 shares. The value of the shares sold is ₹40.56 Cr.
A leading manufacturer of storage batteries and allied products in India, Exide Industries operates across automotive, industrial, and consumer segments. The company produces lead-acid batteries, inverters, and renewable energy solutions for diverse applications ranging from vehicles to backup power systems. Its vertically integrated operations, established distribution network, and focus on innovation position it as a prominent player in India's battery manufacturing sector.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.
