Vedant Fashions Limited
Government Pension Fund Global (Norway) decreased its stake in Vedant Fashions Limited from 3.32% to 3.11% by selling 500,000 shares. The value of the shares sold is ₹26.7 Cr at ₹533.95 apiece.
A leading player in India's celebration wear market, the company operates a diverse portfolio of brands catering to weddings and festive occasions across multiple consumer segments. It specializes in men's Indian wedding and celebration wear, serving as a comprehensive one-stop destination for various price points and customer preferences. The company holds a dominant position in what remains a largely unorganized market segment in India.
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.