MSCI drops Adani Transmission, Adani Total Gas from MSCI India Index in quarterly review
时间:2024-06-17 03:20:42 阅读(143)
Index provider MSCI announced Thursday that Adani Transmission, Adani Total Gas and Indus Towers have been removed from the MSCI India Index. These changes will come into effect 31 May, 2023 onwards. On the other hand, as a result of the rejig, Max Healthcare, Hindustan Aeronautics and Sona BLW Precision have been added to MSCI’s India Standard Index.
The rejig is a setback for the Adani group companies, who are trying to demonstrate strength after the Hindenburg Research report that alleged the conglomerate of stock market manipulation and fraud. Additionally, this move comes as flagship holding firm, Adani Enterprises announced a plan to raise funds via a stake sale on Wednesday.
ACC, Adani Enterprises, Adani Green Energy, Adani Ports and Sez, Adani Power, Ambuja Cements will have no changes in their inclusion status in the MSCI GIMI as a result of the May 2023 Index Review.
In February, MSCI had cut the free-float designations of four Adani group stocks. The index provider said in a statement it has reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and ACC. The four companies, for which the free float designation change was announced, had a combined 0.4% weighting in the MSCI emerging markets index as of 30 January. The changes went into effect on 1 March 2023.
猜你喜欢
- Taiwan’s Defence Ministry mistranslates an alert, erroneously saying China launched a missile
- Tata Motors, Titan, Britannia, Metro Brands among 125 NSE stocks to hit 52-week highs; 13 touch 52-week lows
- This Jhunjhunwala portfolio stock plunges 38% so far in 2022; should you buy- Here’s what analysts say
- The Ram Mandir rises in Ayodhya! From ‘atmanirbhar’ to ‘green complex’, know features, design and construction details
- Tax waiver for ETF capital gains on GIFT exchange
- Thane-Mulund Railway Station faces hurdles in land transfer – Details Inside
- This fund manager is bullish on IT, financials, asks investors to remain invested- ‘Worst behind us’
- Mcap of seven of top-10 most valued firms erode by Rs 1 lakh cr; State Bank of India biggest laggard
- Three new IPOs hit the market today; Cello World opens with GMP up 18%