Tata Consumer Products, the FMCG unit of Tata Group, is set to enter the benchmark Nifty50 index from March 31, 2021. With the arm's inclusion, weightage of Tata Group stocks in Nifty pack will increase to 8.75 per cent from 8.15 per cent presently. At the moment, Tata Consultancy Services, Tata Steel, Tata Motors and Titan are already part of the benchmark index.
Tata Consumer, formerly known as Tata Global Beverages, will join FMCG peers such as Hindustan Unilever, Nestle India and Britannia in the widely-tracked Nifty 50 index. The move is expected to result in passive inflows of .....
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