The change in the weightage of Reliance Industries will have an immediate impact on its shareholding pattern.
The weightage of Reliance Industries may increase by 0.68 percent in the Bombay Stock Exchange’s (BSE) benchmark index S&P BSE Sensex. It may increase by the end of this month. According to Edelweiss Alternative Research, the weightage of Mukesh Ambani’s company Reliance Industries will increase but the weightage of Infosys, HDFC Bank, ICICI Bank, HDFC and TCS may decline. Is.
Immediate impact on Reliance’s shareholding pattern
The change in the weightage of Reliance Industries will have an immediate impact on its shareholding pattern. Last year, the country’s largest private company had announced a rights issue. The shares issued under the rights issue have been converted into fully paid-up equity shares. According to Edelweiss Alternative, S&P Global has told that on December 29, the companies involved in the Sensex will make adjustments. Due to this, there will be an inflow of at least more than Rs 550 crore in Reliance. This can increase its weightage in the Sensex from 11.8 per cent to 12.5 per cent. This change may also support the re-balancing of Nifty. There also it is possible to change the weightage of companies.
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The weightage of these companies may decrease
On one hand, the weightage of Reliance Industries may increase, while the weightage of Infosys, HDFC Bank, ICICI Bank, HDFC and TCS may decline. The weightage of Infosys may come down from 10.5 to 10.4 per cent, while that of TCS may come down from 5.9 per cent to 5.8 per cent. The weightage of HDFC Bank and ICICI Bank may also fall. At the same time, the weightage of HDFC may come down to 7.3 percent.
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