Leading stock exchange BSE has decided to replace local search engine Just Dial with fruit drinks maker Manpasand Beverage on S&P IPO index from July 22.
"Manpasand Beverage Ltd is a new listing on the BSE with a float market capitalisation greater than Rs 100 crore, which necessitates its inclusion in the index," the exchange said in a statement today.
"The stock Just Dial Ltd is excluded on account of completion of two years in the index, as per the index methodology," it added.
Manpasand Beverages had made its debut on the capital markets on June 24 to raise up to Rs 400 crore through an initial public offering to fund its expansion plans including a new manufacturing facility.
