Mumbai: Adani Enterprises would be excluded from S&P BSE indices with effect from June 3 amid the demerger of the group's ports, power and mining businesses.
Adani Enterprises is demerging its ports, power and transmission businesses in Adani Ports and Special Economic Zone, Adani Power and Adani Transmission, respectively, with effect from June 3, 2015 which necessitates its exclusion from the indices, BSE said in a notice today.
Adani Enterprises would be excluded from S&P BSE 100 index and replaced by Eicher Motors.
PI Industries would be included in S&P BSE 200 index in place of Adani Enterprises, the notice said.
Besides, Adani Enterprises would be dropped from S&P BSE 500 index and Vinati Organics would come in.
Similarly, Adani Enterprises would be excluded from S&P BSE AllCap index, S&P BSE Carbonex index, S&P BSE industrials, S&P BSE LargeCap and S&P BSE LargeMidCap, it added.
In a major recast of operations, diversified Adani group had in January this year consolidated its ports, power and mining assets into three separately listed firms and would list a new company for transmission business.
