NEW DELHI: FSN E-Commerce Ventures Ltd, the parent company of beauty and fashion retailer Nykaa, and Coromandel International will join the MSCI India Index , according to the latest review by global index provider MSCI.
The changes to the MSCI Global Standard Indexes will take effect from May 30, 2025, as stated in MSCI's announcement.
FSN E-Commerce Ventures' shares registered a 3.44% increase on the BSE. Coromandel International’s stock rose by 1.82% but later gave up all gains to end nearly 4% lower.
MSCI, serves as a primary provider of essential decision support instruments and services for international investors. It has announced that in the MSCI Global Smallcap Indexes, 11 firms will be added, while 22 companies will move out effective May 30.
The new additions comprise AWL Agri Business, ACME Solar Holdings, Authum Investment, Dr Agarwals Health Care, Godrej Agrovet, Hexaware Technologies, International Gemmological, Le Travenues Technology, Sagility India, Sai Life Sciences and Tata Technologies.
The companies set for removal include Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Electronics Mart India, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujarat Alkalies, HeidelbergCement, Hemisphere Properties, Moschip Technologies, NOCIL, Orchid Pharma, Orissa Minerals Development Company, Paisalo Digital, Patel Engineering, Prince Pipes and Fittings, Rossari Biotech, Share India Securities, Shyam Metalics and TeamLease Services.
The changes to the MSCI Global Standard Indexes will take effect from May 30, 2025, as stated in MSCI's announcement.
FSN E-Commerce Ventures' shares registered a 3.44% increase on the BSE. Coromandel International’s stock rose by 1.82% but later gave up all gains to end nearly 4% lower.
MSCI, serves as a primary provider of essential decision support instruments and services for international investors. It has announced that in the MSCI Global Smallcap Indexes, 11 firms will be added, while 22 companies will move out effective May 30.
The new additions comprise AWL Agri Business, ACME Solar Holdings, Authum Investment, Dr Agarwals Health Care, Godrej Agrovet, Hexaware Technologies, International Gemmological, Le Travenues Technology, Sagility India, Sai Life Sciences and Tata Technologies.
The companies set for removal include Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Electronics Mart India, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujarat Alkalies, HeidelbergCement, Hemisphere Properties, Moschip Technologies, NOCIL, Orchid Pharma, Orissa Minerals Development Company, Paisalo Digital, Patel Engineering, Prince Pipes and Fittings, Rossari Biotech, Share India Securities, Shyam Metalics and TeamLease Services.
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