Stock exchange BSE on Friday said it will move the scrips of 48 organizations to Group “A” category with effect from July 17.
The group “A” category comprises of firm whose stocks are the most actively traded and are known to have maintained high standards of compliance and corporate governance.
As indicated by the BSE, securities of organizations, for example, InterGlobe Aviation, Aditya Birla Fashion and Retail, Crompton Greaves Consumer Electricals, Future Retail, IDFC Bank, Tata Motors (DVR) and Larsen and Toubro Technology Services among others will be moved from Group “B” to Group “A”.
“The current review of Group “A” organizations has been carried out based of March 2017 numbers,” the BSE said in an announcement.
The announcement included that BSE reviews Group “A” organizations every six months based on their performance on the basis of market parameters and additionally in the areas of compliance, corporate governance and responsible investment.