MSCI to drop Swiggy from global indices on September 7

Global index providers MSCI and FTSE are set to revise Swiggy’s index treatment shortly. MSCI is removing Swiggy from global indices, which will lead to considerable passive outflows. Additionally, FTSE has modified Swiggy’s investability weight due to foreign ownership limits. Together, these alterations are projected to trigger passive outflows surpassing $350 million, causing Swiggy shares to drop on Wednesday after the news broke.

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