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Norway’s sovereign wealth fund pulls out of Adani Green
Business Standard
|February 28, 2026
Cites ‘gross corruption or serious financial crime’
Norway’s $1.2 trillion sovereign wealth fund, the world’s largest, has decided to exclude Adani Green Energy Ltd (AGEL) from its portfolio due to concern over its alleged links to financial crime.
Norges Bank, which had in May 2024 excluded Adani Ports and Special Economic Zone, on its website added AGEL to the list of companies that it had decided to exclude from its portfolio. 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. Today it is%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.
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