BSE to drop 10 cos from IPO index

 
They are  Central Bank of India, Everonn Systems India, Indowind Energy, IVR Prime Urban Developers, KPR Mills, Motilal Oswal Financial Services, Omaxe, Puruvankara Projects, Take Solutions and Zylog Systems. Last month, BSE had launched initial public offer (IPO) Index to track the values of firms for the first two years after their listing on the bourse.

Base date of Index is May 3, 2004, while its base value was fixed at 1,000 points. Meanwhile, the BSE also announced a change in its another index. SI Group-India would be excluded from the BSE Small-Cap Index with effect from September 16, it said.