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    Vikshita Vitthal Gujaran in News

    16-Feb-2023 10:10 AM


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    Adani group shares rebound as MSCI delays index weighting changes

    Signage atop the Adani Group headquarters in Ahmedabad, India Index provider MSCI said on Wednesday it will postpone implementation of updates to weightings for two Adani Group companies, Adani Total Gas and Adani Transmission, to the May benchmark review.
    Following this development, Adani group shares were upbeat in trade.
    Its methodology calls for indexes to be replicated "in an actual portfolio in a cost efficient matter."
    MSCI did not immediately respond to a Reuters request for comment on why the changes were reversed shortly after being announced last week.
    MSCI examined the size of companies' free floats, having determined there was "sufficient uncertainty" surrounding some investors in Adani companies.

    Source - Money Control