MSCI Rejig: Aditya Birla Capital, L&T Finance in, IRCTC out. Here’s everything you need to know
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MSCI has unveiled the outcome of its February 2026 index review, announcing changes to the MSCI Global Standard Indexes in a statement released early Wednesday. As part of the revision, Aditya Birla Capital Ltd and L&T Finance Ltd will be added to the index, while IRCTC will be the only Indian company removed. The review also includes a weight adjustment for AU Small Finance Bank, driven by a change in free float, which will lead to an increase in its representation within the index. Despite the reshuffle in constituents, India’s overall weight in the MSCI Standard Index will remain unchanged at 14.1%. However, the total number of Indian companies in the index will rise marginally to 165 from 164 earlier. Estimates from Nuvama Alternative & Quantitative Research suggest that Aditya Birla Capital could attract inflows of about $257 million. L&T Finance is projected to see inflows of around $238 million. In contrast, IRCTC is li...