Wipro to replace Reliance Infra in Nifty

The software services exporter had been excluded from the NSE index from April 1.

Written by Reuters
Mumbai | August 28, 2013 11:28 AM IST

1 min read

Indian software services exporter Wipro Ltd will replace Reliance Infrastructure Ltd in the National Stock Exchange’s 50-stock Nifty effective September 27,the NSE said in a statement on Tuesday.

“A corporate action like our demerger of a listed company would generally result in a short term withdrawal of the scrip from the index as it has been happening in the past where such corporate action had been initiated,” Wipro had said in a statement in February.