Government Pension Fund Global (Norway) increased its stake in Cholamandalam Investment and Finance Company Limited from 1.05% to 1.38%, acquiring an additional 28,62,116 shares. The value of this increased position is approximately ₹539.36 crore, based on the share price of ₹1884.70.
A diversified non-banking financial company, Cholamandalam Investment & Finance provides vehicle finance, home loans, and loans against property to retail customers across India. The company operates as one of India's premier NBFCs with a strong focus on asset-backed lending. Its distinctive approach combines extensive distribution networks with customized financial solutions tailored to meet diverse customer needs in the retail lending segment.
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.
