After

ADANIPORTS

, Norway's sovereign wealth fund excludes Adani Green from its portfolio – What Norges Bank said

After Adani Ports and Special Economic Zone Ltd, Norway’s $1.2 trillion sovereign wealth fund, the world’s largest, has decided to exclude Adani Green Energy Ltd (AGEL) from its investment portfolio, citing concerns about its alleged links to financial misconduct. Norges Bank, which manages the wealth fund, on its website added AGEL to the list of companies that it has decided to exclude from its portfolio. It cited “gross corruption or other serious financial crime” as the basis for the decision. However, it did not provide detailed explanation behind the move. In May 2024, the fund had excluded Adani Ports and Special Economic Zone Ltd (APSEZ) from its portfolio.