With five additions and no exclusions, India's stock count in the MSCI Emerging Markets (EM) Index will rise to 156, increasing its representation from 19.3% to 19.8%.
These two Adani group companies will no longer be eligible for inclusion in the MSCI GIMI as they will not meet the relevant free float-adjusted m-cap requirements, says MSCI
More than 37% of the money raised by IPOs YTD was through 7 new-age companies. The skewed weight of these IPOs shows the potential they have in unlocking the value of the Indian capital market.