Government Pension Fund Global raised its stake in Manappuram Finance from 2.24% to 2.47%, purchasing 22,02,338 shares.
A systemically important non-banking finance company that provides gold loans, money exchange services, and other fund-based and fee-based financial solutions to retail customers across India. The company operates as a non-deposit taking NBFC, with gold lending forming its core business alongside complementary financial services. It serves customers seeking secured lending against gold collateral and foreign exchange facilities.
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.
