For Quick Alerts
For Daily Alerts

MSCI India Index To Remove Debt Laden Companies


As per brokers, MSCI Inc. will remove debt laden companies from its benchmark index later in the week. Consequently, companies heavily in debt such as the likes of Vodafone Idea, Indiabulls housing finance and Glenmark are likey to ousted from the MSCI India Index.

MSCI India Index To Remove Debt Laden Companies

The credit market has faced serious trouble this year and owing to it few of the renowned names have sharply lost their market value. In light of this, Indiabulls has already been removed from the Nifty 50 in September this year as it lost over 50% value.

The index will then be replaced with stocks namely ICICI Prudential and Siemens which have in fact managed to gain ground. The results of the half-yearly review of the gauges will be announced by MSCI on November 7 and the changes will come into effect from the close of November 26.

Different brokerages hope addition and deletion of different stocks such as Edelweiss views deletion of Glenmark, Vodafone Idea, Indiabulls Housing, Tata Power, at the same time holds that ICICI Prudential Life, Siemens Ltd., Berger Paints India will instead be added to the index.

Story first published: Tuesday, November 5, 2019, 14:45 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more