Bharti Infratel, a leading provider of passive telecom infrastructure in India, on Thursday said that it will be included in the FTSE Global Equity Indices starting January 7, the company said in a notification to the stock exchanges.
This follows the company’s successful initial public offering of 18.89 crore equity shares and its listing on the National Stock Exchange and Bombay Stock Exchange in India.
Bharti Infratel will be added to FTSE All-World Index (large cap) with an investability weighting of 9 per cent and will also be added to FTSE All-Emerging Index.
FTSE’s flagship global benchmark, the FTSE All-World, is used by investors worldwide to structure and benchmark their international equity portfolios.
The FTSE global equity universe covers over 7,400 securities in 47 different countries and captures 98 per cent of the world’s investable market capitalisation.
FTSE, which is a part of the London Stock Exchange Group, is a world-leader in the provision of global index and analytical solutions. FTSE indices are used extensively by a range of investors such as consultants, asset owners, fund managers, investment banks, stock exchanges and brokers.
