Norway govt’s pension fund backs GS Auto

The Norwegian government's pension fund, one of the world's largest pension fundswith assets under management of $860 billion, is expected to invest up to $10 million (over Rs 60 crore) in Indian automobile component manufacturer GS Auto International, according to sources Financial Astrology Trading Tips
The investment is likely to be made through its newly launched India-dedicated fund Asia-Pacific Opportunities and will help the auto component manufacturer to achieve a three-fold increase in capacity at its units. When asked for comments, Neeraj Tulli, CFO, GS Auto, said, "We are in talks with a couple of global investors to fund our expansion projects in phase Intraday Trading Tips