From September 30, Adani Group‘s flagship entity, Adani Enterprises Ltd (AEL), will be included in the Nifty 50, the National Stock Exchange benchmark index, replacing Shree Cement. Adani Enterprises will be the second Adani stock to be included in the Nifty Index after Adani Ports and SEZs.

NSE Indices Ltd’s Index Maintenance Subcommittee: Equities (IMSC) has decided to make the changes as part of its regular review, a press release issued on Thursday said. Adani Enterprises is the flagship company of the Adani Group, and Shree Cement is a leading cement manufacturing company under the brands Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong.

The Nifty Next 50 Index includes seven stocks: Adani Total Gas, Bharat Electronics, Hindustan Aeronautics, IRCTC, Mphasis, Samvardhana Motherson International and Shree Cements. It will replace Adani Enterprises Ltd, Jubilant Foodworks Ltd, Lupin Ltd, MindTree Ltd, Punjab National Bank, Steel Authority of India Ltd and Zydus Lifesciences Ltd.

In addition to the Nifty 50, several index changes were announced, including Nifty Next 50, Nifty 500, Nifty 200 and Nifty 100.

According to the press release, the Nifty Aditya Birla Group, Nifty Mahindra Group and Nifty Tata Group indices are unchanged.

Separately, NSE Indicies has decided to exclude B&B Triplewall Containers and SecUR Credentials from the Nifty SME Emerge Index, as these companies are advised to migrate from NSE’s SME Emerge platform to the exchange’s main board. The change will take effect on Sep 8.

Shares of Adani Enterprises Ltd closed at Rs 3,232.75, up Rs 39.15 or 1.23% from the BSE.