The Government Pension Fund Global of Norway has raised its stake in 16 consumption-driven Indian firms, Financial Chronicle reports. Out of a total of 23 firms, the fund has raised its stake in 16 and reduced holdings in five, while maintaining stakes in the remaining two firms.

The companies in which the fund has increased its stake include Crompton Greaves, Tata Chemicals, Lupin, Zee Entertainment and Info Edge (India). Norges Bank Investment Management is the manager the fund.

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