TVS Motor Company will be included in the NSE’s Nifty Midcap 50 index, replacing textiles major Arvind Ltd from next month.

The exclusion of the textiles and apparels company is mainly “on account of the proposed scheme of demerger and transfer of real estate undertaking of Arvind Ltd into Arvind Infrastructure Ltd.”

According to the changes announced by India Index Services and Products Ltd (IISL), a subsidiary of NSE Strategic Investment Corporation, Arvind will be excluded from Nifty Midcap 50 index with effect from February 23 this year.

In its place, Nifty Midcap 50 index would be included in the index.

Nifty Midcap 50 index consists of stocks with an average free float market capitalisation ranging from Rs 1,000 crore to Rs 5,000 crore at the time of selection.

In addition, Arvind would also be excluded from CNX 200 index, CNX 500 index, CNX Midcap index and CNX Alpha index.

These changes will come into effect from February 2.

Rules of Discussion on Nifty Futures

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …