MSCI announced that the weightage of HDFC Bank, India’s largest private lender, in the Global Standard Index will be increased in two phases.
The long-awaited increase in HDFC Bank’s weightage is set to occur in August. However, MSCI has opted for a lower adjustment factor, which will result in an inflow of $1.8 billion, or 93 million shares, affecting the August rebalancing over approximately 4.5 days.
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