Electronics Mart India Limited
Government Pension Fund Global (Norway) decreased its stake in Electronics Mart India from 2.58% to 1.69%. The sovereign wealth fund sold 34,38,000 shares, reducing its total holding to 65,00,000 shares.
India's fourth-largest consumer durable and electronics retailer, Electronics Mart operates an extensive retail network selling large appliances, mobiles, small appliances, and IT products across multiple categories. Founded in 1980, the company offers over 6,000 stock keeping units from more than 70 leading consumer durable and electronic brands, providing customers with a comprehensive range of home appliances and consumer electronics through its established presence.
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.