Norges Bank (Central Bank of Norway) has announced that it has reduced its holding in IVRCL further from 4.47 per cent to 4.38 per cent by sale of shares in the open market.
The Central Bank of Norway was among leading investors in the Hyderabad-based infrastructure company IVRCL with close to nine per cent stake. The bank has reduced the stake in the past few weeks. This coincided with the increase of stake by the Essel Group.
Norges Bank had informed the exchanges that they sold 2.5 lakh shares on April 12.