NBFC major Shriram Finance to replace agro chemicals firm UPL in Nifty50

Meanwhile, Adani Power, IRFC, Jio Financial Services, PFC and REC have got included in the Nifty Next 50 index

NBFC major Shriram Finance will replace agro chemicals firm UPL in the benchmark Nifty 50 index. The change, part of the half-yearly index rebalancing exercise, will become effective from March 28. “Shriram Finance has been included in Nifty 50 index as it has highest six month average free-float market capitalisation within eligible universe as a replacement to UPL,” said 

NSE Indices in a release.