IDFC Bank to replace Ricoh India on S&P BSE 500 index

MUMBAI: Newest private sector lender IDFC Bank would replace printing and IT solutions firm Ricoh India BSE's S&P 500 index, from March 28.

Besides, Ricoh would be dropped from S&P BSE AllCap, S&P BSE Industrials, S&P BSE LargeMidCap, S&P BSE MidCap and S&P BSE MidSmallCap.

According to a BSE notice, the move follows Ricoh India placement in 'Z' group -- restricted trading category -- from March 28.

The companies would be transferred to 'Z' group wherein their scrips would be settled on trade-for-trade basis.