New Delhi: Bharti Infratel Ltd, which listed recently on the National Stock Exchange and BSE Ltd, will be included in the FTSE Global Equity indices starting 7 January, the telecom tower company said on Thursday.
The Bharti Airtel Ltd subsidiary last month raised about $800 million in an initial public offering (IPO) of its shares.
“Bharti Infratel will be added to FTSE All-World Index (Large Cap) with an investability weighting of 9% and will also be added to FTSE All-Emerging Index,” the tower company said in a statement.
FTSE’s flagship global benchmark, the FTSE All-World, is used by investors worldwide to structure and benchmark their international equity portfolios, the company said. The FTSE global equity universe covers more than 7,400 securities in 47 countries and captures 98% of the world’s investable market capitalization, it added.