Government Pension Fund Global (Norway) initiated a new position in Gujarat Gas Limited, acquiring 1,34,61,244 shares valued at ₹388.94 crore, representing a 1.43% stake.
A natural gas distribution company operating across South and Central Gujarat and Saurashtra, Gujarat Gas Limited supplies CNG, PNG, LPG, and LNG to domestic, industrial, commercial, and non-commercial customers. The company operates as a government entity engaged in building and maintaining distribution networks that connect gas sources to end-users. It serves multiple customer segments and geographical regions throughout its operational areas in India.
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.
