PRESS RELEASE
Changes to the S&P BSE Indices
MUMBAI, MARCH 17, 2020: Asia Index Private Limited announces changes to various S&P
BSE Indices on account of below mentioned events.
1. With reference to Notice No: 20200316-65 issued on Thursday, March 16, 2020, the S&P
BSE Index Committee had decided to remove Yes Bank Limited (Exchange ticker – 532648)
from all S&P BSE Indices with effect from Friday, March 20, 2020. The replacements for
Yes Bank Limited in all fixed count S&P BSE Indices are provided in the below mentioned
file.
2. Government of India under Section 9 of Banking Companies (Acquisition and Transfer of
Undertaking) Act, 1970 (5 of 1970) and section 9 of the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1980 (40 of 1980) and after consultation with the
Reserve Bank of India, has notified the below schemes of amalgamation:
Andhra Bank (Exchange Ticker: 532418) and Corporation Bank (Exchange Ticker:
532179) will be amalgamated into Union Bank of India (Exchange Ticker: 532477)
effective Friday, March 20, 2020.
Syndicate Bank (Exchange Ticker: 532276) will be amalgamated into Canara Bank
(Exchange Ticker: 532483) effective Friday, March 20, 2020.
Allahabad Bank (Exchange Ticker: 532480) will be amalgamated into Indian Bank
(Exchange Ticker: 532814) effective Friday, March 20, 2020.
Oriental Bank of Commerce (Exchange Ticker: 500315) and United Bank of India
(Exchange Ticker: 533171) will be amalgamated into Punjab National Bank (Exchange
Ticker: 532461) effective Monday March 23, 2020.
On account of above schemes of amalgamation, all changes to the S&P BSE Indices will be
made effective at the open of Friday, March 20, 2020.
3. As part of March 2020 Quarterly Regulatory Review, changes are being made to S&P BSE
Indices. These changes will be effective at the open of Monday, March 23, 2020.
Please refer to the attached file for all changes (list of Adds/ Drops) due to the above events.
Please contact Client Services at [email protected] with any questions or requests
for further information.
About ASIA INDEX PRIVATE LIMITED
Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC, the world’s
largest provider of financial market indices, and BSE Ltd, Asia’s oldest stock exchange and
home to the iconic SENSEX index – a leading indicator of Indian equity market performance.
Asia Index Pvt. Ltd, which combines the benchmarks, market intelligence, and insights of both
parent companies, each established more than 115 years ago, aims to provide a full array of
indices enabling global and domestic investors to participate in South Asia’s vibrant economies.
The Company is best known for calculating, publishing, and maintaining a diverse family of
Asian indices under the umbrella brand, S&P BSE Indices.
About BSE Ltd
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the
world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading
exchange group and has played a prominent role in developing the Indian capital market. BSE
is a corporatized and demutualised entity, with a broad shareholder base that includes the
leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient
and transparent market for trading in equity, debt instruments, equity derivatives, currency
derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and
borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises
(SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE
StAR MF which is India Largest Mutual Funds Distribution Infrastructure. BSE launched
commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds
& Turmeric.
BSE provides a host of other services to capital market participants including risk management,
clearing, settlement, market data services and education. It has a global reach with customers
around the world and a nation-wide presence. BSE’s systems and processes are designed to
safeguard market integrity, drive the growth of the Indian capital market and stimulate
innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central
counterparty to all trades executed on the BSE trading platform and provides full novation,
guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully
owned subsidiary of BSE runs one of the most respected capital market educational institutes in
the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the
two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of
investors against defaulter Members, in accordance with the Guidelines issued by the Ministry
of Finance, Government of India. BSE Investor Protection Fund is responsible for creating
Capital markets related awareness among the investor community in India.
About S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data
and research, and home to iconic financial market indicators, such as the S&P 500® and the
Dow Jones Industrial Average®. More assets are invested in products based on our indices
than products based on indices from any other provider in the world. Since Charles Dow
invented the first index in 1884, S&P DJI has been innovating and developing indices across the
spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential
intelligence for individuals, companies, and governments to make decisions with confidence.
For more information, visit www.spdji.com.
FOR MORE INFORMATION:
Asia Index Pvt. Ltd.
Marketing & Communications
Bhavna Sadarangani – +91 22 2272 5292
[email protected]
BSE Ltd.
Marketing Communications
Yatin Padia – +91 22 2271 8516
[email protected]
