Government Pension Fund Global (Norway) reduced its stake in Five-Star Business Finance Limited from 1.92% to 1.83% by selling 251,245 shares. The value of the shares sold is approximately ₹13.85 crore.
A non-banking financial company providing secured business loans to micro-entrepreneurs and self-employed individuals across South India. Incorporated in 1984, the company specializes in financing solutions tailored for small business owners and self-employed professionals seeking growth capital. It operates as an NBFC-ND-SI, focusing on underserved customer segments in its core southern markets with customized lending products and personalized service.
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.