Adani Group-controlled Ambuja Cements and ACC will be removed from the S&P BSE 100 ESG index from February 22, according to a statement from Asia Index on Friday. Ambuja Cements and ACC have been added to the Media and Stakeholder Analysis (MSA) list.

Under the S&P BSE 100 ESG Index methodology, the index committee reviews constituents marked under the MSA to assess their continuity within the index. In this case, the committee decided to remove these stocks from the S&P BSE 100 ESG Index.

The order will go into effect when the market opens on February 22.

Ambuja Cements closed at Rs 353.30 on Friday, up 1.52%. Currently, its market capitalisation is Rs 70,153 crore. The stock fell 2.16% for the week. On the other hand, ACC ended flat at Rs 1,839.85, down 0.08%.