MUMBAI: State-run power major NTPC Ltd will replace Dabur India in two indices of National Stock Exchange - S&P CNX Nifty Index and CNX 100 index - from September 24.
The index maintenance sub-committee has decided to exclude Dabur from the two indices and inducted NTPC in its place during its periodic review. The changes would become effective from September 24, NSE said in a press release.
Besides, the committee excluded fifteen companies such as Aditya Birla Nuvo, United Spirits, Indiabulls Financial Services, Jindal Steel & Power and Bank of India from the CNX Midcap Index. In their place, 15 other companies such as Essar Steel, Lanco Infratech, Biocon, HT Media, Tata Tea and Yes Bank have been included, the release said.
Further, 10 companies were excluded from the S&P CNX 500 index and in their place 10 other were included namely - Idea Cellular, Sobha Developers, Television Eighteen India and Power Finance Corporation, the release added.
Read more in The Economic Times
