Imminent HDFC Merger Overshadows Upcoming Nifty 50 Index Change: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Upcoming semi-annual changes to the Nifty50 index wherein Adani Enterprises Ltd. is likely to replace Shree Cement Ltd. is dwarfed by the impact of the impending Housing Development Finance Corporation Ltd., and HDFC Bank Ltd.'s merger. However, the merger-related changes to the index will depend on the date of shareholders’ approval, hence no definite timelines can be indicated at this point in time. Past example of a corporate restructuring for Grasim Industries Ltd and related index change indicates a time lag of less than one month from the date of shareholders’ approval to announcement of exit from the index. The HDFC merger will likely result in an unprecedented ~14% of the Nifty50 weight (HDFC plus HDFC Bank) getting replaced by two new incoming stocks with a combined weight of ~1% and the remaining 13% weight getting distributed amongst the existing 48 stocks in the index at that time. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Imminent HDFC Merger Overshadows Upcoming Nifty 50 Index Change: ICICI Securities

Imminent HDFC Merger Overshadows Upcoming Nifty 50 Index Change: ICICI Securities

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