BackAdani Enterprises to be part of Nifty from Sep-end
Shree Cement will be dropped . The changes will be effective from September 30, 2022
PremiumMUMBAI : Adani Enterprises, flagship of the diversified Adani Group, will be included in the benchmark Nifty 50 index. Shree Cement will be dropped . The changes will be effective from September 30, 2022 .
For inclusion in the index, the security should have traded at an average impact cost of 0.50 % or less during the last six months for 90% of the observations for a portfolio of Rs. 10 crore.
Impact cost is the cost of executing a transaction in a security in proportion to its index weight, measured by market capitalization at any point in time.
Also, the average free-float market capitalisation should be at least 1.5 times the average free-float market capitalization of the smallest constituent in the index.
Adani Enterprises will join Adani Ports on the bellwether index.
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