Adani Ports Becomes First Adani Group Company to Join Sensex

May 28, 2024

The Adani Group’s Adani Ports and Special Economic Zone Ltd (APSEZ) will be added to the Sensex on the Bombay Stock Exchange (BSE) on June 24. With this important step forward, APSEZ is the first company under the Adani Group’s control to join the Sensex, replacing the technology firm Wipro. This happened after APSEZ and another Adani company, Adani Enterprises, were added to the National Stock Exchange’s (NSE) Nifty index. Adani prices went up after a rough time when they dropped a lot because of claims by Hindenburg Research that there were financial problems, which Adani has denied.

Criteria for Sensex Inclusion

There are strict rules about which companies can be in the Sensex. This is done to make sure that only financially stable and easily sold companies are in the index. Some of the things that are looked at are having been listed on the BSE for at least six months, trading regularly, and having a swap contract. A company must also be in the top 75 in terms of market capitalization and have a free-float market capitalization of at least 0.50%. Companies are looked at every six months, in June and December, to see if they meet the qualifying requirements for reconstitution.

About Adani Enterprises

Gautam Adani started Adani Enterprises in 1988 as a business that traded goods. It paved the way for the Adani Group to grow into the energy, logistics, and agribusiness industries. The company launched India’s first private rail and first supercritical power plant. Building the Carmichael Coal Mine in Australia and the Mundra Port in India are two important projects. It is working on a lot of important infrastructure projects of 2023, like building the Navi Mumbai International Airport. Notably, in 2022, Forbes ranked Gautam Adani as the third richest person in the world.

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