HDFC merger may trigger Nifty rebalancing, $1.5 billion outflow
Unlike NSE which considers shareholder nod for rejig, BSE does it only closer to the effective date of the merger. “Going by the current pace of approvals and as per our ballpark estimate, HDFC Ltd will continue to be a member (of Sensex) till the entire process is over (around Q1 FY24),” the report said.
