BSE removes Indiabulls Financial Services from indices

It will be replaced in the S&P BSE 100 & S&P BSE Carbonex with United Breweries

BSE has excluded Indiabulls Financial Services from five of its indices following its merger with Indiabulls Housing Finance. It will be replaced in the S&P BSE 100 and S&P BSE Carbonex with United Breweries.

L&T Finance Holdings will replace it in the S&P BSE 200 index and Timken India Ltd in S&P BSE 500. There is to be no inclusion in the S&P BSE Mid Cap index although Indiabulls Financial Services will be excluded, according to an exchange notice. The changes are effective from 19th March.