December 16, 2015

IISL launches three corporate group index series

India Index Services & Products Ltd (IISL), an arm of National Stock Exchange (NSE), today launched three indices to track performances of group companies belonging to Tata Group, Aditya Birla Group and Mahindra Group.

Nifty Tata Group Index, Nifty Aditya Birla Group Index and Nifty Mahindra Group Index are based on full market capitalisation method and include all the companies of the respective groups listed on the NSE.

“In future, IISL may come up with indices on other corporate groups and third party products can be built on such indices”, IISL CEO Mukesh Agarwal told PTI.

Noting that these indices are a first-of-its kind in the Indian capital market, Agarwal said that the indices would not only help investors, but also help these group companies internally judge the performance of their companies.

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