Norwegian Government Pension Fund Global has increased its stake in Bajaj Electricals by 1.73% on 11 August via open market transactions, bringing its total shareholding in the electrical appliances company up to 3.03%. Meanwhile, California-based venture capitalist firm Small Cap World Fund has reduced its stake to 3.36%, down from 5.3%. Bajajs shares rose 3.23% to INR1,077 ($16.80) on the news.