Global index providers MSCI and FTSE are set to revise Swiggy’s index treatment shortly. MSCI is removing Swiggy from global indices, which will lead to considerable passive outflows. Additionally, FTSE has modified Swiggy’s investability weight due to foreign ownership limits. Together, these alterations are projected to trigger passive outflows surpassing $350 million, causing Swiggy shares to drop on Wednesday after the news broke.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.