Corporate Adjustment for Reliance Industries Ltd. in Nifty indices
Bilkul Online
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.