MSCI adds Aditya Birla Capital and L&T Finance to flagship global index while dropping IRCTC
Global index provider MSCI added Aditya Birla Capital and L&T Finance to its flagship index today while removing IRCTC. The changes take effect on February 27.
Insights:
MSCI announced on February 11 that it will add Aditya Birla Capital Limited and L&T Finance Holdings Limited to the MSCI Global Standard Index as part of its periodic reshuffle. The changes, which also involve the removal of Indian Railway Catering & Tourism Corporation Limited , are set to take effect on February 27. This development is significant for investors in India 
IN because MSCI indexes serve as widely tracked benchmarks for large passive funds. Inclusions and removals typically trigger measurable passive fund inflows or outflows that affect the listed firms and their capital flows.
IN because MSCI indexes serve as widely tracked benchmarks for large passive funds. Inclusions and removals typically trigger measurable passive fund inflows or outflows that affect the listed firms and their capital flows.
