Eternal May See Outflow Of INR 3,235 Cr As FTSE Cuts Weight In Indices

Eternal May See Outflow Of INR 3,235 Cr As FTSE Cuts Weight In Indices

Global index provider FTSE Russell’s decision to cut Zomato parent Eternal’s investability weighting in its indices may lead to an outflow of INR 3,235 Cr (about $379.8 Mn) from the stock, according to IIFL Capital. The brokerage firm released its estimate after FTSE Russell reduced the investability weighting of Eternal in its indices to 49.5% from 82.7% earlier. The index provider cited Eternal’s decision to reduce foreign ownership in the com…

FTSE Russell and Japan Exchange Group to collaborate on FTSE Blossom universe

The move will include the renaming of FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index and aims to facilitate ESG integration in the Japanese market.