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Kuwait wealth fund picks 1.02 % stake in Maruti Suzuki

Thursday, January 27, 2022
Kuwait wealth fund picks 1.02 % stake in Maruti Suzuki

Kuwait Investment Authority (KIA), one of the world’s oldest sovereign wealth funds, picked up a 1.02% stake in India’s largest car-maker Maruti Suzuki.

According to Indian Media New Indian Express report, the Q3 FY22 shareholding pattern of Maruti Suzuki revealed that KIA added 1.02% during the Q3. The report said that Foreign Portfolio Investors raised their stake in Maruti Suzuki from 22.52% to 23.6% in Q3FY22.

According to report, Kuwait's largest sovereign wealth fund KIA also holds stakes in other listed Indian companies such as CarTrade Tech, Sunteck Realty, PVR Ltd, and PNC Infratech.

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