NSE to hold spl session for Corporate adjustment for Reliance Industries in Nifty Indices

  • In accordance with the index methodology, spun off entity shall be included in following indices effective from Thursday, July 20

NE BUSINESS BUREAU

MUMBAI, JULY 18

The National Stock Exchanges (NSE) on Monday announced a special pre-open session to be conducted for Reliance Industries (RIL) in the Capital Market segment on Thursday,  July 20, on account of the demerger of its financial services business into Reliance Strategic Investments (‘spun-off entity’ to be renamed as Jio Financial Services).

In accordance with the index methodology, the spun-off entity shall be included in the following indices effective from 20 July 2023.

Earlier, NSE Indices issued a press release on 26 April 2023 regarding revision in the methodology of Nifty equity indices for handling corporate actions involving demergers.

NSE Indices (formerly known as India Index Services & Products – IISL), a subsidiary of NSE, provides a variety of indices and index-related services for the capital markets. The company focuses on the index as a core product. The company owns and manages a portfolio of indices under the Nifty brand of NSE, including the flagship index, the Nifty 50.

Sr. No. Index Name
1 Nifty 50
2 Nifty 100
3 Nifty 200
4 Nifty 500
5 Nifty50 Equal Weight
6 Nifty100 Equal Weight
7 Nifty500 Multicap 50:25:25
8 Nifty Commodities
9 Nifty Energy
10 Nifty India Manufacturing
11 Nifty Infrastructure
12 Nifty LargeMidcap 250
13 Nifty Low Volatility 50
14 Nifty Mobility
15 Nifty Oil & Gas
16 Nifty Total Market
17 Nifty100 ESG
18 Nifty100 Liquid 15
19 Nifty100 Low Volatility 30