Unitech Enters Morgan Stanley Capital Index

Unitech, along with Videocon and Aditya Birla Nuvo will be included in popular index complier MSCI’s Standard Index series following an annual review. This changes in MSCI’s Standard Index will take effect from the close of 31 May 2007.

MSCI Barra, is a leading provider of benchmark indices and risk management analytics products, and announced changes today for the MSCI Standard Index Series. These changes result from the May 2007 Annual Full Country Index Review.

MSCI Barra’s risk models and analytics products help the world’s largest investors analyze, measure and manage portfolio and firm-wide investment risk.

Arvind Mills, Biocon, Bank of Baroda and Matrix Labs were eliminated from the MSCI Index.