{"id":554744,"date":"2023-02-10T10:58:02","date_gmt":"2023-02-10T05:28:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=554744"},"modified":"2023-02-10T12:57:44","modified_gmt":"2023-02-10T07:27:44","slug":"norways-sovereign-wealth-fund-pulls-out-rs-1651-crore-from-adani-firms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/norways-sovereign-wealth-fund-pulls-out-rs-1651-crore-from-adani-firms\/","title":{"rendered":"Norway&#8217;s sovereign wealth fund pulls out Rs 1,651 crore from Adani firms"},"content":{"rendered":"<p>Norway&#8217;s $1.2 trillion sovereign wealth fund, the world&#8217;s largest, said Thursday it has completely divested its assets in the troubled Indian conglomerate Adani.<\/p>\n<p>The fund, which is set up to put the country&#8217;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.<\/p>\n<p>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 &amp; Special Economic Zone.<\/p>\n<p>&#8220;Since year-end, so the five weeks since year-end, we have further reduced our exposure in Adani companies significantly,&#8221; said Christopher Wright, the head of environmental, social and governance (ESG) risk monitoring at the fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norway&#8217;s $1.2 trillion sovereign wealth fund, the world&#8217;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&#8217;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 &amp; Special Economic Zone. &#8220;Since year-end, so the five weeks since year-end, we have further reduced our exposure in Adani [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-554744","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=554744"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554744\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}