Eternal may see outflows worth $840 million following FTSE, MSCI’s weight cuts
Food delivery company Eternal, formerly known as Zomato, is staring at a passive outflow of $840 million as global index majors FTSE and MSCI plan to slash the stock’s weightage in their portfolio. This follows a reduction in the Foreign Ownership Limit (FOL). In FTSE All World Index, the investability weighting from 82.74% to 49.5%.This…