NSE indices rejig: Shriram Finance to replace UPL in Nifty 50 index from March 28
The National Stock Exchange (NSE) stated that the move is part of a periodic review of broad market indices, and Shriram Finance has replaced UPL Ltd in the Nifty50 index, due to its highest 6-month average free-float market capitalization.
UPL has been removed from the blue-chip index after its exclusion from the Nifty 100, a parent index for the Nifty 50, the statement added.