Government Pension Fund Global (Norway) decreased its stake in Aavas Financiers Limited from 2.79% to 2.29%, selling 393,375 shares. The value of the shares sold is ₹59.23 crore.
A housing finance company that provides loans and advances to individuals for residential property purchases and construction across India. Operating since its incorporation in 2011, the company focuses on serving customers in tier-2 and tier-3 cities and semi-urban areas where traditional financing options are limited. Aavas Financiers specializes in affordable housing finance with a customer-centric approach to credit delivery and underwriting.
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.
