Adani Enterprises to be part of Nifty from September end

Mumbai The diversified Adani Group’s flagship Adani Enterprises will be included in the benchmark Nifty 50 index. Shree Cement will be dropped. The changes will be effective from September 30, 2022.

For inclusion in the index, the security must have received an investment of Rs. 100 million.

Impact cost is the cost of executing a transaction in a security in proportion to its index weight, which is measured by market capitalization at any given time.

Also, the average free-float market capitalization must be at least 1.5 times the average free-float market capitalization of the smallest component in the index.

Adani Enterprises will be associated with Adani Ports on the Belweather Index.

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