Eternal May See Outflow Of INR 3,235 Cr

FTSE Russell’s decision to cut Zomato parent Eternal’s investability weighting in its indices may lead to an outflow of INR 3,235 Cr

The brokerage firm released its estimate after FTSE Russell reduced the investability weighting of Eternal in its indices to 49.5% from 82.7% earlier

The index provider cited Eternal’s decision to reduce foreign ownership in the company to 49.5% as the reason behind its move

Global index provider FTSE Russell’s decision to cut