MEP Infra replaces PC Jeweller in BSE IPO index: Media Report

08 May 2015

Bombay Stock Exchange (BSE) has announced the inclusion of toll management company MEP Infrastructure Developers in the S&P BSE IPO index, reported PTI.

MEP Infrastructure Developers is a new listing on the BSE with a float market capitalisation greater than Rs 100 crore, which necessitates its inclusion in the index, BSE said in a statement.

The stock PC Jeweller is excluded on account of completion of two years in the index, as per the index methodology, it added.

The initial public offer (IPO) of MEP Infrastructure Developers was subscribed 1.10 times last month.

The company, along with its subsidiaries, has operated 68 projects with an aggregate of 122 toll plazas and 783 lanes across 12 states.

Source: Dion Global Type: IPO Related

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