Vedanta will be dropped from NSE's benchmark index Nifty 50 and other indices from July 31, 2020 on account of the company's proposed voluntary delisting. In its place, HDFC Life Insurance Company will be included in the Nifty 50 index, NSE Indices, a subsidiary of the National Stock Exchange (NSE).
Apart from that, Vedanta will be excluded from Nifty 500, Nifty 200, Nifty 100 and Nifty Large Midcap 250 indices. SBI Cards and Payment Services would replace Vedanta in these indices. In addition, Mishra Dhatu Nigam would replace Vedanta in the metal index.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc leadsilver, copper, iron ore, aluminium and commercial power.
