MSCI Rejig
MSCI adds Aditya Birla Cap, L&T Fin to global standard index; deletes IRCTC
This story was originally published at 11:29 IST on 11 February 2026
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--MSCI adds JSW Cement, Canara HSBC Life, 5 others to global small-cap indices
--MSCI removes 34 Indian cos from MSCI global small-cap indices, adds 7
--MSCI adds L&T Finance, Aditya Birla Capital to MSCI global standard indices
--Changes to MSCI global standard indices effective close of Feb 27
--MSCI adds 2 Indian cos to MSCI global standard indices, deletes IRCTC
MUMBAI – MSCI has added shares of Aditya Birla Capital Ltd. and L&T Finance Ltd. to its global standard index as part of its February index review, the global index provider announced early Wednesday. Shares of Indian Railway Catering and Tourism Corp. Ltd. have been excluded from the index, MSCI said.
Following the rejig, the number of Indian companies in the MSCI Global Standard Index will increase to 165 from 164. The rebalance will be effective around Feb. 27, the index provider said.
MSCI also added seven companies to its global small-cap index. These companies are Ashapura Minechem Ltd., Canara HSBC Life Insurance Ltd., Emcure Pharmaceuticals Ltd., JSW Cement Ltd., National Securities Depository Ltd., Premier Energies Ltd., and Thyrocare Technologies Ltd.
Among other major changes, the index provider removed shares of 34 companies from its global small-cap index, including AGI Greenpac Ltd., The Anup Engineering Ltd., Ashoka Buildcon Ltd., Chemplast Sanmar Ltd., Dhanuka Agritech Ltd., Dilip Buildcon Ltd., Emudhra Ltd., Epigral Ltd., Gokaldas Exports Ltd., Greaves Cotton Ltd., HG Infra Engineering Ltd., and Heritage Foods Ltd..
J. Kumar Infraprojects Ltd., Jai Balaji Industries Ltd., Juniper Hotels Ltd., Just Dial Ltd., Kaveri Seed Co. Ltd., Keystone Realtors Ltd., KNR Constructions Ltd., L&T Finance, Laxmi Organic Industries Ltd., Lloyds Enterprises Ltd., Piccadily Agro Industries Ltd., Puravankara Ltd., Rajesh Exports Ltd., RattanIndia Enterprises Ltd., Refex Industries Ltd., and Shoppers Stop Ltd. were the other companies that were removed from the small-cap index. It also excluded SIS Ltd., Sterlite Technologies Ltd., Symphony Ltd., VRL Logistics Ltd., Websol Energy Systems Ltd., and Zaggle Prepaid Ocean Services Ltd. End
Reported by Kabir Sharma and Simran Rede
Edited by Tanima Banerjee
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