MSCI reshuffle impacts Aditya Birla and L&T Finance
pre-market1 source ↓written by the desknot a recommendation
- will add
- 27 Feb 2024
- inflows for Aditya
- $257 million
- for L&T Finance
- $238 million
- in outflows
- $142 million
- with an increase
- 1.4%
MSCI's upcoming index changes on 27 Feb 2024 will add Aditya Birla Capital and L&T Finance to its Global Standard Index while removing IRCTC. This shift is expected to trigger $257 million inflows for Aditya Birla and $238 million for L&T Finance, while IRCTC faces $142 million in outflows. Overall, India's index weight remains at 1.4% with an increase in constituents to 165.
Not investment advice. For informational purposes only.