Apollo Hospitals Enterprise, Oil India, Wockhardt and GlaxoSmithKline Consumer Healthcare have been added in the MSCI India index. While there were no deletions, Oil India has also been added to the MSCI Emerging Markets index. The changes will be effective after the close of trade on May 31.
Oil India, recently, reported that it is planning to raise $400 million via external commercial borrowings (ECB). The company will utilize these funds to finance $650 million of capital expenditure this year. It also plans to enter the liquefied natural gas (LNG) business.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
