Max Financial Services Limited
Government Pension Fund Global (Norway) decreased its stake in Max Financial Services Limited from 1.57% to 1.55%, selling 69,500 shares. The shares were valued at approximately ₹10.9 crore at a price of ₹1569.80 apiece.
A leading investment and advisory services company that owns and actively manages a majority stake in Max Life Insurance, one of India's largest non-bank life insurers and fourth largest private life insurance operator. The company provides management advisory services to group entities and nurtures business investments across the Max Group conglomerate, playing a pivotal role in India's insurance 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.