The changes will take place of the close of trade on February 28, MSCI added.
At 10:27 hours IST, shares lost 2.94 percent to Rs 1,490.20 on Bombay Stock Exchange.
In the previous trading session too, the stock fell 1.48 percent to close at Rs 1,535.40. Shares tanked 9 percent in six consecutive sessions while declined 3 percent in last one month.
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