{
  "id": 5213514,
  "title": "MSCI to drop Swiggy from global indices on September 7",
  "url": "https://urgent.news/2026/09/03/msci-to-drop-swiggy-from-global-indices-on-september-7",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T00:52:28.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/msci-to-drop-swiggy-from-global-indices-on-september-7/articleshow/133722764.cms"
  },
  "original_language": "en",
  "account": "Global index providers MSCI and FTSE have announced they will modify their treatment of Swiggy following a reduction in the company's foreign ownership limit. MSCI plans to exclude Swiggy from its global indices starting September 7, while FTSE will adjust Swiggy's investability weight at the market's opening on the same date. The changes are expected to trigger an estimated $330 million in passive outflows, as per research firm Nuvama Alternative and Quantitative Research. This could equate to nearly 120 million shares, or five to six days' worth of typical daily trading volume. Additionally, Nuvama estimates that the total impact of the MSCI and FTSE adjustments might surpass $350 million in initial phases. Swiggy had been included in the Red Flag list maintained by depositories NSDL and CDSL, a status activated when foreign investment is within or below 3% of the aggregate NRI or Foreign Portfolio Investor limits. Following the update, Swiggy's shares experienced a 2.7% drop, closing at ₹267.50 on Wednesday.",
  "summary": "Global index providers MSCI and FTSE are set to revise Swiggy's index treatment shortly. MSCI is removing Swiggy from global indices, which will lead to considerable passive outflows. Additionally, FTSE has modified Swiggy's investability weight due to foreign ownership limits. Together, these alterations are projected to trigger passive outflows surpassing $350 million, causing Swiggy shares to…",
  "key_points": [
    "MSCI to drop Swiggy from global indices on September 7",
    "FTSE to adjust Swiggy's investability weight on same date",
    "Estimated $330 million in passive outflows from changes"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}