Government Pension Fund Global (Norway) decreased its stake in R R Kabel Limited from 3.52% to 3.31%, selling 236,220 shares. The value of the sold shares was ₹54.16 Cr at ₹2293.30 apiece.
A manufacturer of consumer electrical products serving residential, commercial, industrial, and infrastructure markets across India. RR Kabel operates through two main segments: wires and cables, including house wires, industrial wires, power cables, and special cables; and fast-moving electrical goods comprising fans, lighting, switches, and appliances. The company has built a diversified presence in the electrical products sector since its establishment in 1995, catering to varied customer segments and applications.
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.
