Norway wealth fund puts India’s Adani Ports, other companies on watch list – Reuters.com
A general view of a container terminal is seen at Mundra Port, one of the ports handled by India’s Adani Ports and Special Economic Zone Ltd, in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave
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OSLO, March 7 (Reuters) – Norway’s $1.3 trillion wealth fund on Monday put India’s Adani Ports (APSE.NS) under observation, for possible exclusion from its investments, for the company’s involvement in building a port terminal in military-ruled Myanmar, it said in a statement.
The fund also put several other companies under observation.
Norway’s sovereign fund, which invests the state’s revenues from oil and gas production for future generations, follows an ethical mandate set by parliament.
Adani Ports & Special Economic Zone Ltd was not immediately available for comment outside of normal business hours.
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Reporting by Nora Buli, editing by Gwladys Fouche</…….