Norway wealth fund puts India's Adani Ports, other companies on watch list (updated)

Nien Hsing Textile Co

07/03/2022 21:50

(Adds)
    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.
    

 (Reporting by Nora Buli, editing by Gwladys Fouche)
 ((Nora.Buli@thomsonreuters.com; (+47) 21 04 05 56; Reuters
Messaging: nora.buli.thomsonreuters.com@reuters.net))