Government Pension Fund Global (Norway) decreased its stake in CMS Info Systems from 4.34% to 4.27%, selling 312,654 shares. The value of the shares sold is approximately ₹7.78 Cr, at an approximate price of ₹248.80 apiece.
India's largest cash management company, CMS Info Systems operates an extensive network of ATM and retail pick-up points nationwide. The company provides end-to-end outsourced installation, maintenance, and management of assets and technology solutions for banks, financial institutions, organized retail chains, and e-commerce companies. Its integrated approach to cash and asset management distinguishes it in the financial services infrastructure 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.