WNS Announces Addition to the MSCI USA Small Cap Index

Rhea-AI Summary

WNS Holdings (NYSE: WNS) announced its inclusion in the MSCI USA Small Cap Index, effective after market close on November 25, 2024. This addition follows WNS's recent inclusion in the Russell 2000® index. The MSCI USA Small Cap Index, comprising 1,737 constituents, represents approximately 14% of the US equity market's free float-adjusted market capitalization. The company expects this inclusion to enhance capital access, visibility, and share price stability. WNS currently operates with 62,951 professionals across 66 delivery centers worldwide, serving over 600 clients with digital transformation and business services.

Positive

• Inclusion in MSCI USA Small Cap Index enhances market visibility and potential investor base
• Expected improvement in share price stability and capital access
• Large operational scale with 62,951 professionals and 66 delivery centers
• Diverse client base of over 600 customers

Negative

• None.

Insights

Financial Analyst

The addition to the MSCI USA Small Cap Index represents a significant milestone for WNS, potentially triggering increased institutional investment flows and enhanced market visibility. Index inclusion typically leads to mandatory buying from passive funds tracking the index, which could provide near-term support for the stock price.

With a market cap of $2.3 billion and representation in both Russell 2000® and now MSCI USA Small Cap Index, WNS gains access to a broader investor base. The index comprises 14% of the US equity market's free float-adjusted capitalization, making it a significant benchmark for small-cap investors. This dual index membership should improve trading liquidity and potentially reduce the cost of capital for future financing needs.

NEW YORK & LONDON & MUMBAI, India--(BUSINESS WIRE)-- WNS (Holdings) Limited (NYSE: WNS), a digital-led business transformation and services partner, today announced that its common stock will be added to the MSCI USA Small Cap Index according to the list of additions posted by MSCI on November 6, 2024. Inclusion in the index will take effect after the close of the US equity markets on November 25, 2024.

“WNS welcomes our addition to the MSCI USA Small Cap Index. Our inclusion in the MSCI US equity indexes highlights the company’s solid financial profile and the ongoing transformation of our business model. Similar to our recent addition to the Russell 2000®, we expect that our inclusion in the MSCI USA Small Cap Index will expand our access to capital, enhance company visibility, and improve share price stability,” said Keshav R. Murugesh, Group CEO, WNS.

The MSCI USA Small Cap Index is designed to measure the performance of the small cap segment of the US equity market. With 1,737 constituents, the index represents approximately 14% of the free float-adjusted market capitalization in the US. MSCI Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. For a complete description of the index methodology, please see Index methodology - MSCI.

About WNS

WNS (Holdings) Limited (NYSE: WNS) is a digital-led business transformation and services partner. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of September 30, 2024, WNS had 62,951 professionals across 66 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.

For more information, visit www.wns.com or follow us on Facebook, Twitter, LinkedIn, and Instagram.

About MSCI

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.

Safe Harbor Provision

This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241107570992/en/

Investors:

David Mackey

EVP – Finance & Head of Investor Relations

WNS (Holdings) Limited

+1 (646) 908-2615

david.mackey@wns.com

Media:

Archana Raghuram

EVP & Global Head – Marketing & Communications

WNS (Holdings) Limited

+91 (22) 4095 2397

archana.raghuram@wns.com; pr@wns.com

Source: WNS (Holdings) Limited

FAQ

When will WNS (NYSE: WNS) be added to the MSCI USA Small Cap Index?

WNS will be added to the MSCI USA Small Cap Index after the close of US equity markets on November 25, 2024.

What percentage of US market capitalization does the MSCI USA Small Cap Index represent?

The MSCI USA Small Cap Index represents approximately 14% of the free float-adjusted market capitalization in the US.

How many delivery centers does WNS (NYSE: WNS) currently operate?

WNS operates 66 delivery centers worldwide across various countries including Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the UK, and the US.

How many professionals does WNS (NYSE: WNS) employ as of September 2024?

As of September 30, 2024, WNS employed 62,951 professionals across its global operations.