Mumbai: Global index services provider FTSE Russell on Monday said it had increased HDFC Bank’s weight in its Emerging All Cap index from 0.81% to 1.52%, following the merger of parent HDFC Ltd with the bank.
However, the index aggregator said that the changes will be implemented in three tranches by March 2024.
The first tranche will be implemented in the September review, the second one in the December review, and the last in March 2024.
