, a major Indian cement company the Adani Group acquired from Holcim last year. The decision was made after MSCI reassessed the number of shares that are freely traded, it had said.
Among the list of Adani companies, MSCI is delaying the measures for two companies: Adani Total Gas and Adani Transmission, according to its Thursday morning notice. As of the end of January, the four Adani-related companies had a combined 0.4% weighting on MSCI's Emerging Markets Index, Reuters reported.
MSCI said the changes will be reflected in the May index review instead of February's. The firm explained the decision came "in light of potential replicability issues due to impact from price limit mechanisms in specific securities associated with the Adani Group."MSCI said it will apply special treatment for all Adani Group's associated securities, citing "ongoing uncertainty with relation to key input data for index construction.
As such, MSCI will not make any changes – including additions, deletions and constraint factor changes – in non-market capitalization weighted indexes and custom indexes such as the MSCI Factor, ESG, thematic and capped indexes, it said.
You guys are obsessed with Adani for unknown reason. We have been investing in his companies since 1990 and knows how ethical his business are as this person. You know nothing !!
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MSCI delays index weighting changes for two Adani companiesIndex provider MSCI said on Wednesday it will postpone implementation of updates to weightings for two of India's Adani Group companies, Adani Total Gas and Adani Transmission , to the May benchmark review.
Source: Reuters - 🏆 2. / 97 Read more »
India's market regulator is looking into the explosive allegations against Adani Group | CNN BusinessIndia's market regulator is looking into the explosive allegations against Adani Group made by US short seller Hindenburg Research, which accused the conglomerate of 'the largest con in corporate history.' Indian regulator FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeBiafra Nigeria government must obey they court order and release our leader mazi nnamdi kanu uncondionll and give us date for referendum to avoid trouble Market regulator of India? Good. Come and stay in India 'gujariye kuch din hamare saath'.
Source: cnni - 🏆 326. / 59 Read more »
Gautam Adani Seeks to Appease Investors as Flagship Unit’s Earnings JumpSeeking to allay investors’ concerns, Indian billionaire Gautam Adani described the current market volatility as temporary after a weekslong share-price rout Still nose bleedingly high PE ratio. Still so far to fall to bring in line with other industrial firms valuations. The sad thing is that it's the shareholders of all the western institutions that are going to pay for their lack of due diligence in investing in the group. It looks like corruption oozes out of the pores of his oily skin. dhume Since you are above any criticism, I would like to point out your article about Modi and Adani. You said Modi killed 1000 Muslims. Please have some shame. What kind of journalism is this? Clearly, you have forsaken the truth and just have an agenda!
Source: WSJ - 🏆 98. / 63 Read more »