Moneycontrol
Last Updated : Mar 26, 2018 05:38 PM IST | Source: PTI

BSE 100 index methodology to change from June

Currently, stocks must have a listing history of six months at BSE in order to be eligible for the S&P BSE 100 index.

Asia Index Private Ltd, a joint venture of S&P Dow Jones Indices and BSE, today said it has done away with the requirement of six months listing history at the exchange for inclusion in the index of top 100 companies.

Currently, stocks must have a listing history of six months at BSE in order to be eligible for the S&P BSE 100 index.

"This change will become effective prior to the market open on Monday, June 18, 2018, in conjunction with the implementation of June 2018 rebalancing," Asia Index said in a circular.

Besides, Asia Index announced changes to the methodology of the S&P BSE AllCap index.

Under the new rules, spin-offs would require a listing history of at least one month as of the rebalancing reference date in order to be eligible for the index. At present, the requirement is at least six months.

This change will become effective September 24.
First Published on Mar 26, 2018 05:25 pm
Loading...
Sections
Follow us on
Available On