MSCI delays weighting cuts for two Adani companies, cites 'replicability' concerns
Publishing timestamp: 2023-02-16 01:09:44
Summary
MSCI announced that it will delay implementing weighting changes for some Adani Group companies until later this year. The decision was made after MSCI reassessed the number of shares that are freely traded. As of the end of January, four Adani-related companies had a combined 0.4% weighting on MSCI's Emerging Markets Index. Shares of Adani Group companies mostly traded higher in Mumbai on Thursday, except for Adani Total Gas which fell roughly 2%.
Sentiment: NEUTRAL
Tickers: MSCI, ADANIPOWER-IN, ADANIENT-IN, ADANIPORTS-IN, ACC-IN, ADANIGREEN-IN, QUOTES,
Keywords: business news, adani total gas ltd, asia economy, adani port and special economic zone ltd, msci inc, adani green energy ltd, emerging markets,