Hero MotoCorp Limited
Government Pension Fund Global (Norway) sold 60,927 shares of Hero MotoCorp Limited, reducing its stake from 2.23% to 2.20%.
India's largest two and three-wheeler manufacturer, the company designs, manufactures, and sells motorcycles and scooters for both domestic and international markets. Originally established as a joint venture with Honda in 1984, it became fully Indian-owned in 2011 when the Japanese partner exited. The company operates multiple manufacturing facilities across India and serves millions of customers through various product segments and distribution channels.
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.