Government Pension Fund Global (Norway) decreased its stake in LIC Housing Finance Limited from 2.21% to 2.14% by selling 373,658 shares. The value of the sold shares was approximately ₹18.36 crore, calculated at a share price of ₹491.40.
A housing finance company registered with the National Housing Bank, LIC Housing Finance provides loans for residential property purchase and construction to individuals and developers. The company also offers project financing to developers, loans against property, lease rental discounting for commercial properties, and financing for commercial shop and showroom purchases. It serves India's real estate market across multiple segments and borrower categories.
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.