Norges Bank invested Rs 284 crore in five listed companies by mopping up shares from the secondary market on Friday.
The Norwegian central bank acquired 1.39% equity in cash management services provider CMS Info Systems Ltd. for Rs 84.40 crore and a 0.76% stake in power transmission equipment maker Voltamp Transformers Ltd. for Rs 63.71 crore.
The bank also shelled out Rs 46.32 crore for a 0.75% shareholding in Kerala-based South Indian Bank Ltd. Additionally, it acquired about 0.69% ownership in metal pipe maker Electrosteel Castings Ltd. for Rs 64.73 crore and about 0.57% stake in Gokaldas Exports Ltd. for Rs 25.45 crore.
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The equity acquisitions were made through bulk deals, as reported on the NSE.
The Norges Bank manages the Government Pension Fund Norway—the world's largest sovereign wealth fund.
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