Ahmedabad, July 18: NSE vide its circular NSE/CMTR/57524 dated July 12, 2023 has announced special pre-open session to be conducted for Reliance Industries Limited (RELIANCE) in Capital Market segment on July 20, 2023 on account of demerger of its financial services business into Reliance Strategic Investments Limited (‘spun-off entity’ to be renamed as Jio Financial Services Limited).
In accordance with the index methodology, spun off entity shall be included in following indices effective from July 20, 2023 (close of July 19, 2023).
|Sr. No.||Index Name|
|5||Nifty50 Equal Weight|
|6||Nifty100 Equal Weight|
|7||Nifty500 Multicap 50:25:25|
|10||Nifty India Manufacturing|
|12||Nifty LargeMidcap 250|
|13||Nifty Low Volatility 50|
|15||Nifty Oil & Gas|
|16||Nifty Total Market|
|18||Nifty100 Liquid 15|
|19||Nifty100 Low Volatility 30|
Earlier, NSE Indices Limited had issued a press release on April 26, 2023 regarding revision in methodology of Nifty equity indices for handling corporate actions involving demergers.
For detailed guidelines regarding handling of corporate actions involving demergers in Nifty indices, please refer index methodology document published on our website www.niftyindices.com.