MSCI November 2026 Rejig: LIC, Adani Green, Coforge, Meesho Added

MSCI has announced changes to its indices as part of its November 2026 review on November 11, 2026. The global index provider added 4 Indian companies to the MSCI India Standard Index and removed 1 company. These adjustments will take effect after the market close on November 30, 2026. 

Additions and Exclusions in the Standard Index 

Life Insurance Corporation of India (LIC), Adani Green Energy, Coforge, and Meesho are set to join the MSCI India Standard Index, while PI Industries will be removed. This review was based on share prices as of October 20, 2026, and remains subject to adjustments for corporate events prior to implementation.  

Following these revisions, India's weight in the MSCI Standard Emerging Markets Index moves to approximately 13.15% from around 12.9%. LIC also ranks among the 3 additions to the MSCI Emerging Markets Index by full company market capitalisation, alongside China's Zhongji Innolight H and Taiwan's Nan Ya Printed Circuit Board Corporation. 

Changes in the India Small Cap Index and Past Context 

MSCI's India Small Cap Index will record 11 additions and 29 deletions. New entrants include E2E Networks, Apollo Micro Systems, Housing and Urban Development Corporation, AXISCADES Technologies, Shadowfax Technologies, and PI Industries, whereas Coforge exits due to its inclusion in the Standard Index.  

LIC's inclusion follows the government's August 2026 offer for sale of a 6.5% stake for ₹31,552 crore, reducing government ownership to 90% and increasing public shareholding to 10%. 

Earlier, during the August 2026 review, Laurus Labs, Lenskart, Adani Energy Solutions, and Groww entered the Standard Index, while Balkrishna Industries, SBI Cards, and Astral were excluded. 

Read More: HFCL Share Price in Focus in Intraday Trade on November 11, 2026! 

Conclusion 

MSCI adds 4 companies, namely LIC, Adani Green Energy, Coforge, and Meesho, to its India Standard Index and excludes PI Industries effective November 30, 2026, raising India's Emerging Markets weight to 13.15%, alongside 11 small cap additions and 29 deletions. 

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