Reliance Capital will be removed from 11 BSE indices
DSIJ Intelligence / 30 Aug 2017
As per a media report, Reliance Capital is going to be excluded from 11 S&P BSE indices from September 5, 2017 as the NBFC player is demerging its real estate lending business.
As per a media report, Reliance Capital is going to be excluded from 11 S&P BSE indices from September 5, 2017 as the NBFC player is demerging its real estate lending business. The 11 S&P BSE indices from which the company will be removed will include S&P BSE AllCap, S&P BSE 200, S&P BSE 100, S&P BSE Sensex Next 50, S&P BSE Mid-Cap and S&P BSE Large Mid-Cap indices.
As per a notice, Crompton Greaves Consumer Electricals would replace Reliance Capital on S&P BSE 100 as well as S&P BSE Sensex Next 50, while Indiabulls Real Estate would replace the financial services’ provider on the S&P BSE 200. Time Technoplast would take Reliance Capital’s place on the S&P BSE 500 index. Shareholders of Reliance Capital, as on September 6, 2017, will receive one free share of Reliance Home Finance Ltd. for every share held in Reliance Capital Ltd.