Kotak Mahindra Bank to see largest inflows after MSCI rebalancing

16 May 2023 CW Team

Kotak Mahindra Bank is set to receive the largest inflows following the quarterly rebalancing announced by MSCI. The index provider has increased the weighting of the private sector lender in its indices due to an increase in investment space for foreign portfolio investors (FPIs).

In a note, Nuvama Research said that Kotak Mahindra Bank's weighting in the index has increased by 135 basis points to 2.8%. This will result in inflows of $810 million (Rs 6,600 crore) from passive trackers. IIFL, meanwhile, projects inflows of $768 million (Rs 6,300 crore) as exchange-traded funds will have to buy 32.2 million shares of the lender due to the increased weighting.

Meanwhile, MSCI has announced three additions and as many deletions to its India index. The newly-added stocks to the index are Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings. As a result, Max Health is expected to see inflows of $280 million (Rs 2,300 crore), HAL $185 million (Rs 1,500 crore) and Sona $166 million (Rs 1,360 crore).

In addition, Adani Transmission, Adani Total Gas and Indus Towers have been removed from the index. The telecom tower company is expected to see outflows of $80 million (Rs 650 crore), according to analysts.

Also Read
Badlapur Station in Mumbai to get infrastructure upgrade
Baramulla-Uri rail link dream to be realised soon

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..