Fresh risk for Adani as MSCI probes free float of group stocks

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Nederland Laatste Nieuws,Nederland Headlines

India’s Adani Group faces fresh concerns after financial index provider MSCI said it is reviewing the free float designation of some group company securities.

In response to the MSCI statement, Hindenburg Research founder Nathan Anderson wrote on Twitter: “We view this as validation of our findings.”

Adani Transmission, Adani Total Gas, and Adani Power were each down 5%, while Adani Ports and Special Economic Zone were down nearly 3%. Sporadic protests have taken place in parts of the country as opposition parties demand investigations.

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Nederland Laatste Nieuws, Nederland Headlines