New Delhi: JSW Steel Ltd. will replace Housing Development Finance Corporation in the 30-share S&P BSE Sensex From 13th July.
comes in view of the replacement HDFC HDFC Bank is getting merged.
Asia Index Pvt Ltd said in a release on Wednesday that JSW Steel will replace HDFC in the Sensex.
Other S&Ps will also change BSE Index due to integration.
In the S&P BSE 500, JBM Auto Components Ltd will replace HDFC and in the S&P BSE 100, Zomato will be included in place of the mortgage lender.
Among other indices, Apollo Hospitals Enterprise Ltd S&P to replace HDFC on BSE Sensex 50.
Asia Index Private Limited is an equal partnership between S&P Dow Jones Indices LLC, the world’s largest financial market index provider, and BSE, Asia’s oldest stock exchange.
On Tuesday it was announced that LTIMindtree Ltd From July 13, Housing Development Finance Corporation Limited will be replaced in the Nifty 50 index.
HDFC Bank’s parent company HDFC on Saturday merged with the lender. HDFC Bank is also the largest private sector lender in the country.
The record date for determining the shareholders of HDFC to whom HDFC Bank shares will be issued and allotted is July 13.
The $40 billion merger, the largest such deal in Indian corporate history, is driven by the changing regulatory landscape, which has limited HDFC’s leverage as a non-bank lending entity.
comes in view of the replacement HDFC HDFC Bank is getting merged.
Asia Index Pvt Ltd said in a release on Wednesday that JSW Steel will replace HDFC in the Sensex.
Other S&Ps will also change BSE Index due to integration.
In the S&P BSE 500, JBM Auto Components Ltd will replace HDFC and in the S&P BSE 100, Zomato will be included in place of the mortgage lender.
Among other indices, Apollo Hospitals Enterprise Ltd S&P to replace HDFC on BSE Sensex 50.
Asia Index Private Limited is an equal partnership between S&P Dow Jones Indices LLC, the world’s largest financial market index provider, and BSE, Asia’s oldest stock exchange.
On Tuesday it was announced that LTIMindtree Ltd From July 13, Housing Development Finance Corporation Limited will be replaced in the Nifty 50 index.
HDFC Bank’s parent company HDFC on Saturday merged with the lender. HDFC Bank is also the largest private sector lender in the country.
The record date for determining the shareholders of HDFC to whom HDFC Bank shares will be issued and allotted is July 13.
The $40 billion merger, the largest such deal in Indian corporate history, is driven by the changing regulatory landscape, which has limited HDFC’s leverage as a non-bank lending entity.