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MSCI may add United Breweries, Divi's to index-Citi

Source : REUTERS
Last Updated: Mon, Oct 29, 2012 06:24 hrs
United Breweries to manufacture Heineken beer in India

Divi's Laboratories and United Breweries may get added to MSCI India index as part of the index provider's semi-annual review announcement expected on Nov. 14, says Citigroup in a note seen by Reuters.

Citigroup also expects GMR Infrastructure, United Phosphorus and Unitech to be potentially deleted from the India index.

The bank did not provide a reasoning behind its predictions.

United Breweries is up 4 percent while Divi's Lab gains 0.6 percent as of 0605 GMT.

United Phosphorus falls 1.8 percent, but GMR Infra gains 2.8 percent while Unitech gains 0.2 percent.

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