Norges Bank, through its Government Pension Fund Global, has sold around 0.77% of the stake in Archean Chemicals via open-market transactions. This equates to roughly 9.5 lakh shares, and the sale was made at a price of INR510.87 ($6.80) per unit. Norges Bank received INR48.5 crore from the transaction. The company has been showing marginal growth, with net profit for Q1 nearly flat compared to INR372 crores in 2019. In contrast, Societe Generale bought 0.52% of shares in Archean Chemicals.