BHEL), GMR Airports Infrastructure, NMDC, Punjab National Bank (PNB) and Union Bank of India. There will be no deletions, according to an MSCI release issued late Monday.
PNB and Union Bank will be among the three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation. The third one is Midea Group Co from China.
Overall, 24 securities will be added to MSCI Global Standard Index from 10 countries in the Asia Pacific region while 101 securities will be deleted from the MSCI ACWI Index, the media release said.
Apart from this, MSCI Global Small Cap Indexes will see the addition of 27 Indian equities along with six deletions.
Among the additions to the MSCI Global Small Cap Index will be Honasa Consumer which operates Mamaearth brand, SpiceJet, Balmer Lawrie, Cello World, Cyient DLM, DB Realty, Dhanuka Agritech, Ethos, Healthcare Global Enterprises, IIFL Securities, ITD Cementation, J Kumar Infraprojects, Jaiprakash Associates, Jupiter Life Line Hospitals, Kesoram Industries, KPI Green Energy, MSTC, Netweb Technologies, Paisalo Digital, RattanIndia Power, Sandur Manganese & Iron, SBFC Finance, Swan Energy and TARC.
The deletions include Barbeque Nation, GMT Airports Infra, Prestige Estates, Privi Speciality Chemicals, Rail Vikas Nigam (RVNL) and Torrent Power.
In the MSCI Global Small Cap indexes, there will be 189 additions and 118 deletions from the MSCI ACWI Small Cap Index, the release said.
With this, India's weightage in its Global Standard (Emerging Markets)