20/10/2021

Tannochbrae

Built Business Tough

Tata Consumer to replace Gail India in Nifty 50 effective March 31

Go is predicted to final result in passive inflows of $89 million (Rs 650 cr) in Tata Shopper. Gail could see outflows of $57 million (Rs 410 cr)

Subject areas
Tata Shopper Products | GAIL India | Nifty fifty


BS Reporter  | 
Mumbai 

Tata Shopper Goods will replace point out-owned Gail India in the benchmark Nifty fifty index. The improve will just take effect on March 31. The move is predicted to final result in passive inflows of $89 million (Rs 650 crore) in Tata Shopper. Gail, on the other hand, could see outflows of $57 million (Rs 410 crore). On Tuesday, the cost-free float marketplace capitalisation –a essential criterion for index inclusion—of Tata Shopper and Gail stood at Rs 36,989 crore and Rs 30,570 crore.

Tata Shopper, previously recognized as Tata World wide Drinks, will be a part of FMCG friends this sort of as Hindustan Unilever, Nestle India and Britannia in the extensively-tracked Nifty fifty index. NSE has also declared variations to its various other indices this sort of as Nifty Up coming fifty, Nifty 100 and Nifty 500. Adani Enterprises, Apollo Hospitals and Jubilant Foodworks are between the seven shares included to the Nifty Up coming fifty index.

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1st Published: Tue, February 23 2021. twenty:00 IST