 "Cement industry, cement")
Shree Cement will replace Yes Bank in the benchmark Nifty 50 index, NSE said in a release. The changes will be effective from March 27. Shree Cement would join Ultratech Cement as cement manufacturers in the bluechip company index.
The Kolkata-based cement maker has pipped Dabur and Godrej Consumer Products (GSPL) who were among the front-runners for index inclusion. Among the three companies, Shree Cement has the highest free-float market capitalisation, thanks to a Rs 3,000-crore fund raise in November.
The National Stock Exchange has also announced five changes to its
The Kolkata-based cement maker has pipped Dabur and Godrej Consumer Products (GSPL) who were among the front-runners for index inclusion. Among the three companies, Shree Cement has the highest free-float market capitalisation, thanks to a Rs 3,000-crore fund raise in November.
The National Stock Exchange has also announced five changes to its
