Asia Index Pvt Ltd (AIPL) has postponed the removal of Jio Financial Services Ltd (JFSL) from all key indices of the S&P Bombay Stock Exchange (BSE) by three days, the BSE announced in a release. There has yet to be formal confirmation from NSE Indices. 

JFSL was earlier supposed to be exited from all the National Stock Exchange (NSE) and BSE indices on Thursday, August 24. After hitting the 5% lower circuit for two consecutive days, i.e., August 21 and Tuesday, the Index Committee has deferred the removal of JFSL from all the S&P BSE Indices by another 3 days, and it will now be removed before the opening of trading on Tuesday, August 29. 

The statement added that if the stock hits the lower circuit on the first and the second days of these three days, the removal date will be deferred by another three days. 

If Jio Financial does not hit the lower circuit limit on either of the next two days but hits the circuit limit on the third day, its removal from all the indices will be deferred by another three days.

The stock exchange said that any further postponement of removal would be communicated as soon as possible, and any changes to this approach would be announced via the standard channels.

Jio Financial got listed on the exchanges on Monday and was temporarily added to the key indices of the BSE and NSE based on the revised rules in index methodology while considering corporate actions such as mergers/demergers.