BSE to include Kotak Mahindra Bank, Tata Motors DVR in Sensex

MUMBAI: The BSE will add private sector bank Kotak Mahindra Bank and Tata Motors Differential Voting Rights to the benchmark Sensex and remove GAIL India from the index with effect from June 19, the exchange said in a circular on Friday.

This is the first DVR to be included in the Sensex. Tata Motors DVR has been part of the benchmark Nifty index since April 2016.

DVRs differ from common equity shares in terms of voting rights and dividend.

The BSE has also made a number of changes in the BSE 100, BSE 200, BSE 500, Sensex Next 50 and sector indices such as BSE Teck and BSE Carbonex.

Bharat Electronics, IDFC Bank, ABB India, SAIL and Canara Bank will be included in the S&P BSE Sensex Next 50. Those that will be removed from the Sensex Next 50 are GSK Consumer Healthcare, Oil India, Oracle Financial Services Software, Bajaj Holdings and Reliance Communications.