Norway's sovereign wealth fund excludes Adani Green Energy
The exclusion list prevents the fund from holding the named company under its financial-crime screening criteria. The entry is recorded without a public explanation beyond the stated criterion.
Change
Norway's sovereign wealth fund excluded Adani Green Energy Ltd from its investment portfolio, citing "gross corruption or other serious financial crime" and selling roughly $43.9 million of its holdings.
Why it matters
The exclusion bars the fund from holding or purchasing Adani Green Energy shares and required immediate divestment of its stake. That action closes a specific institutional investment channel for the company until Norges Bank reverses the decision.
Implications
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