Bank of Baroda, CG Power may get added to MSCI global standard index

Biocon is expected to get excluded from the index

Bank of Baroda, BoB
Photo: Bloomberg
BS Reporter
1 min read Last Updated : Jan 23 2023 | 11:43 PM IST
State-owned Bank of Baroda (BoB) and CG Power and Industrial Solutions may get added to MSCI global standard index during the forthcoming rebalancing exercise. 
 
Meanwhile, Biocon is expected to get excluded from the index.

According to an analysis by Nuvama Alternative & Quantitative Research, the expected inflows in BoB and CG Power could be around $150 million, each. 
 
Biocon could see outflows of $66 million.

The announcement is likely to come on February 10.

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Topics :Bank of BarodaMSCI indicesBiocon

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