MSCI seeks feedback on Adani Group over Hindenburg report

MSCI seeks feedback on Adani shares

Shares of Adani Group companies slid 5-20% on Friday, with several stocks hitting the lower circuit, after a report by US-based Hindenburg Research triggered a selloff.

Index provider MSCI seeks feedback on Adani Group over Hindenburg report

Currently, there are eight Adani group & associates companies which are part of MSCI Standard Index

Index provider MSCI seeks feedback from Adani Group over Hindenburg report

Market experts believe any adverse feedback may lead to a reduction in weightage or even exclusion of Adani stocks from the MSCI index

MSCI seeks feedback on Adani Group over Hindenburg report

Seven listed companies of the Adani conglomerate have lost a combined $48b in marketvalue

MSCI seeks feedback on Adani Group over Hindenburg report

Index provider MSCI said on Saturday it is seeking feedback on Adani Group and associated securities and is aware of a report issued by short-seller Hindenburg Research. The US short-seller said on Wednesday it held short positions in the Indian conglomerate, accusing it of improper use of offshore tax havens and flagging concerns about high debt, leading to a massive sell-off

Hindenburg report on Adani group: Index provider MSCI invites feedbacks

Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices