Divisor Adjsutment for Market capitalization based indices
Revision in the capping factor for Capped Indices
Rights
Divisor adjusted. Price and index shares will be adjusted based on ratio.
No change
Bonus
Divisor not adjusted. Price and index shares are adjusted based on bonus ratio resulting into no change in index market capitalization.
No change
Stock split/ Reverse stock split
Divisor not adjusted. Price and index shares are adjusted based on stock split/ reverse stock split ratio resulting into no change in index market capitalization.
No change
Special Dividend
Divisor adjusted. Price will be reduced for special dividend amount resulting into change in the index market capitalization
No change
Change in equity
Divisor adjusted. Index shares will be revised resulting into change in the index market capitalization
New capping factor calculated
Change in investible weight factor (IWF) / free float
Divisor not adjusted for all indices except those computed on free-float method. IWF will be revised resulting into change in the index market capitalization
New capping factor calculated
Spin-off, De-listing, Suspension
Stock is excluded prior to demerger. Divisor is adjusted on date of replacement of stock.
New capping factor calculated on date of replacement of stock
