Norway’s $1.2 trillion sovereign wealth fund, the world’s largest, said Thursday it has completely divested its assets in the troubled Indian conglomerate Adani.
The fund, which is set up to put the country’s oil and gas revenues to work, held some Rs 1,651 crore ($200 million) worth of shares in the group at the end of 2022.
It had a stake of 0.14 percent in Adani Green Energy, 0.17 percent in Adani Total Gas and 0.3 percent in Adani Ports & Special Economic Zone.
“Since year-end, so the five weeks since year-end, we have further reduced our exposure in Adani companies significantly,” said Christopher Wright, the head of environmental, social and governance (ESG) risk monitoring at the fund.
