Balkrishna Industries Limited
Government Pension Fund Global (Norway) decreased its stake in Balkrishna Industries from 2.41% to 1.53% by selling 1,696,109 shares. Based on the share price of ₹2014.70, the value of shares sold is approximately ₹342.06 crore.
A specialist manufacturer of off-highway tyres for agricultural, construction, industrial, mining, and port applications. Balkrishna Industries has operated since 1987, focusing exclusively on niche segments including earthmoving, ATV, and gardening tyres. The company designs and produces tyres engineered for demanding terrain and heavy-duty operations. It serves customers across India and international markets through its dedicated expertise in non-road tyre manufacturing and technical innovation.
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.