Government Pension Fund Global (Norway) decreased its stake in Navin Fluorine International from 3.92% to 3.55%, selling 193,100 shares. The value of the sold shares was ₹158.11 Cr at ₹8187.00 apiece.
A specialty chemicals manufacturer, Navin Fluorine International produces refrigeration gases, inorganic fluorides, and specialty organofluorines for global markets. The company operates an extensive portfolio of over 50 fluorinated compounds developed through decades of research and technical expertise. It also provides contract research and manufacturing services to pharmaceutical and chemical industries, with integrated operations that distinguish it within the specialty chemicals sector.
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.