Mumbai: Fortis Healthcare, a recently listed firm on the bourses, will replace state-run IBP Company in the BSE-500 index.
IBP Company would be excluded from the BSE PSU index, Mid-Cap and 500 indices on account of its merger with Indian Oil Corporation, a BSE release said.
Fortis Healthcare, a Ranbaxy promoted firm had entered the bourses with 22.66 crore equity shares and received decent response from investors.
The company, which got listed on the bourses on 8 May, runs 11 hospitals in northern India and has received around Rs153.69 crore through a couple of pre-IPO placements.
BSE-500 index represents nearly 93% of the total market capitalisation on the Bombay Stock Exchange and includes all 20 major industries of the economy.