MSCI Rejig: Adani Green, LIC, Coforge, Meesho shares set to enter India Standard Index; ICICI Life, PI Industries out?

Part of a developing story

Four Indian firms join MSCI’s Global Standard Index

MSCI has added LIC, Coforge, Adani Green and Meesho to its Global Standard Index in a November review, according to Moneycontrol and BusinessWorld reports on 12 November. ANI reported that the changes lift India’s index weight to 13.1%, while Business Standard said the additions are expected to draw about $2 billion in passive investment. Estimates varied: Mint cited a forecast of roughly $1.7 billion, and reports also named PI Industries as excluded. BusinessLine had earlier described the changes as expected and said they were due to take effect on 30 November.