Friday, January 10, 2025 | 03:36 AM ISTEN Hindi

Home / Companies / News / Boost for Airtel as MSCI mulls greater weighting for stock in Feb review

Boost for Airtel as MSCI mulls greater weighting for stock in Feb review

The move follows increase in foreign investment limit in the telecom major from 49 per cent to 100 per cent

Premium

Analysts believe increase in weightage in MSCI’s global indices will trigger buying worth $700 million (Rs 5,100 crore) in Bharti Airtel

Samie Modak Mumbai

1 min read Last Updated : Jan 14 2021 | 11:48 PM IST

Global index provider MSCI on Thursday said it will take a decision on increasing the weightage of Bharti Airtel at upcoming index review in February.

The move follows increase in foreign investment limit in the telecom major from 49 per cent to 100 per cent.

“The proforma foreign ownership limit and upward movement of the adjustment factor due to foreign room will be implemented as part of the upcoming February 2021 Quarterly Index Review (QIR). The proforma foreign inclusion factor will be announced along with the scheduled February 2021 QIR announcement, on February 9. All changes will be implemented as

Topics : Bharti Airtel MSCI indices

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in