Government Pension Fund Global (Norway) raised its stake in Cholamandalam Investment and Finance Company from 1.38% to 1.43%. The fund acquired 4,46,037 shares, increasing its total holding to over 1.22 crore shares.
A diversified non-banking financial company, Cholamandalam Investment & Finance provides vehicle finance, home loans, and loans against property to retail customers across India. The company operates as one of India's premier NBFCs with a strong focus on asset-backed lending. Its distinctive approach combines extensive distribution networks with customized financial solutions tailored to meet diverse customer needs in the retail lending segment.
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.
