Manpasand Beverages to Replace Justdial on BSE IPO Index - NDTVProfit
1. 13/08/2015 Manpasand Beverages to Replace Justdial on BSE IPO Index NDTVProfit.com
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Manpasand Beverages to Replace Justdial on BSE IPO
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Press Trust of India | Last Updated: July 20, 2015 22:38 (IST)
Mumbai: BSE (Bombay Stock Exchange) has decided to replace local search engine Justdial with fruit drinks maker Manpasand
Beverages on the S&P IPO index from July 22.
"Manpasand Beverage Ltd is a new listing on the BSE with a float market capitalisation greater than Rs 100 crore, which necessitates its
inclusion in the index," the exchange said in a statement on Monday.
"The stock Just Dial Ltd is excluded on account of completion of two years in the index, as per the index methodology," it added.
Manpasand Beverages had made its debut on the capital markets on June 24 to raise up to Rs 400 crore through an initial public offering
(IPO) to fund its expansion plans including a new manufacturing facility.
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