Tech

Swiggy May See $289 Mn Inflow On Inclusion In MSCI India Index

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SUMMARY

MSCI has rejigged its flagship MSCI India Domestic Index to add foodtech major Swiggy, Vishal Mega Mart and Waaree Energies to it

Notably, MSCI has reduced the weightage of Swiggy’s competitor Eternal to 2.49%, which could lead to an outflow to the tune of $607 Mn from the company’s stock

Meanwhile, MSCI has removed travel tech major EaseMyTrip from its small cap index while adding BlackBuck to the list

MSCI has rejigged its flagship MSCI India Domestic Index to add…

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