Asia Index launches BSE Bharat 22 Index
Published: Aug 23, 2017
By TIOLCORPLAW News Service
MUMBAI, AUG 23, 2017: Asia Index Pvt Ltd announced the launch of S&P BSE Bharat 22 Index on Tuesday, August 22, 2017. The Index is designed to track the performance of select blue chip government companies listed on the BSE. This index has been licensed to ICICI Prudential AMC for the development of an ETF. The S&P BSE Bharat CPSE Index comprises of 22 select companies from the Central Public Sector Enterprises (CPSE), Specified Undertaking of the Unit Trust of India (SUUTI), and Public Sector Undertaking (PSU) Banks that are listed on the BSE Ltd and disinvested by the Government of India. The Index is calculated in Indian rupees and U.S. dollars on a real-time basis. This Index is designed to help support the Government of India's disinvestment program.
Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC and BSE Ltd. The Company is best known for calculating, publishing, and maintaining a diverse family of Asian indices under the umbrella brand, S&P BSE Indices.