Vedanta Ltd shall see exit from Nifty 50 and other indices owing to voluntary delisting proposed by the firm. The stock will be dropped with effect from July 31, 2020. Besides, the counter will be removed from other indices including the likes of Nifty 500, Nifty 200, Nifty 100 and Nifty LargeMidcap 250 indices.
In the Nifty 50, the stock shall be replaced by HDFC Life Insurance Company, NSE Indices, a subsidiary of the National Stock Exchange (NSE) said in a statement.
And similarly in other indices from where the counter will be dropped, SBI Cards and Payment Services would be added.
In the metal index, Vedanta will be replaced by Mishra Dhatu Nigam. And in the Nifty Next 50 index, HDFC Life would be replaced by SBI Cards and Payment Services.
"The Index Maintenance Sub-Committee has decided to replace Vedanta Ltd. (VEDL) from various indices on account of proposed voluntary delisting. The changes shall become effective from July 31, 2020," NSE Indices said.