NSE Indices Adjust Following Gujarat Gas-GSPL Merger
NSE Indices rejigs multiple indices post Gujarat Gas-GSPL merger
Business Standard
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NSE Indices will implement significant changes across multiple indices due to the merger of Gujarat State Petronet with Gujarat Gas, effective May 12, 2026. Key adjustments include the replacement of Gujarat State Petronet with CIE Automotive India in several indices, impacting passive fund allocations tied to these benchmarks.
- 01Gujarat State Petronet will be removed from multiple indices following its merger with Gujarat Gas.
- 02CIE Automotive India will be included in the Nifty 500 and other related indices.
- 03The changes will take effect at the close of May 11, 2026.
- 04Sectoral indices will also see adjustments with new companies replacing Gujarat State Petronet.
- 05These revisions reflect rebalancing in response to corporate restructuring.
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NSE Indices has announced a comprehensive restructuring of multiple indices following the merger of Gujarat State Petronet with Gujarat Gas. Effective from May 12, 2026, Gujarat State Petronet will be excluded from the Nifty 500, Nifty Smallcap 250, and Nifty MidSmallcap 400, among others, with CIE Automotive India taking its place. This change will also be reflected in related indices such as the Nifty 500 Equal Weight and Nifty 500 LargeMidSmall Equal-Cap Weighted indices. Additionally, Ratnamani Metals & Tubes will replace Gujarat State Petronet in the Nifty Microcap 250 and Nifty Total Market indices. The Nifty Energy and Nifty Oil & Gas sectors will see replacements, including Nava and Aegis Vopak Terminals respectively. The adjustments are part of a broader index rebalancing strategy following corporate restructuring, which is expected to influence passive fund allocations that track these benchmarks.
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The index changes will affect passive fund allocations, potentially altering investment strategies for funds tracking these indices.
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