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Asia Index changes methodology for BSE indices

Press Trust of India  |  New Delhi 

Index today announced a new methodology for BSE's benchmark index Sensex, 200 and 500 over the treatment of multiple share classes for their inclusion in the indices.

These indices are operated by Index, an equal venture between S&P Indices LLC and the

As per the new methodology, Differential Voting Right (DVRs) would be eligible for index inclusion provided that the ordinary share class is part of the index and DVR outstanding are greater than 10 per cent of the ordinary outstanding.

In addition, the DVRs must individually satisfy all other eligibility criteria.

"DVRs satisfying the index eligibility criteria are aggregated with the company's common stock and index construction is done based on the aggregated company data," Index said.

The changes will be implemented from June onwards, it added.

Earlier, S&P Indices LLC had proposed a new methodology for these three indices over the treatment of multiple share classes for their inclusion in the indices and had sought sought comments from the members of the investment community regarding the proposal till May 17.

S&P Indices, a division of S&P Global, provides investable and benchmark indices to the financial markets.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 21:22 IST