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Norway fund drops Adani Green
February 28, 2026
|Financial Express Kolkata
NORWAY'S $1.2-TRILLION sovereign wealth fund, the world’s largest, has decided to exclude Adani Green Energy (AGEL) from its portfolio due to concern about its alleged links to financial crime.
Norges Bank, which had in May 2024 excluded Adani Ports and SEZ, on its website added AGEL to the list of firms that it has decided to exclude. It cited “gross corruption or other serious financial crime” as the criterion for its decision but gave no explanation.When Norges Bank first bought AGEL shares in July 2020,the share price was ₹341. On Friday, it was ₹944.
While AGEL did not immediately offer any comments,
industry officials said a fossil fuel funded sovereign fund is trying to create a narrative against a renewable company.
هذه القصة من طبعة February 28, 2026 من Financial Express Kolkata.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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