717 Capital

Tata Capital is set to receive ₹717 crore ($76 million) due to its inclusion in the FTSE Global Equity Index Series, which will likely boost its stock price and trading volume during the market's closing auction. This inflow reflects a shift towards increased global institutional ownership in Indian Non-Banking Financial Companies (NBFCs). The inclusion is seen as a validation of Tata Capital's market position and may lead to lower costs of equity and better access to global capital. The rebalancing is expected to create upward pressure on Tata Capital's stock price, although some price stabilization may occur post-rejig.

Tata Capital is set to receive ₹717 crore ($76 million) due to its inclusion in the FTSE Global Equity Index Series, which will likely boost its stock price and trading volume during the market's closing auction. This inflow reflects a shift towards increased global institutional ownership in Indian Non-Banking Financial Companies (NBFCs). The inclusion is seen as a validation of Tata Capital's market position and may lead to lower costs of equity and better access to global capital. The rebalancing is expected to create upward pressure on Tata Capital's stock price, although some price stabilization may occur post-rejig.