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Corporate Adjustment for Reliance Industries Ltd. in Nifty indices

BILKULONLINE

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
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

 

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.

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