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MSCI delays index weighting changes for two Adani companies

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Index 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.

The new index weightings were due to come into effect on March 1 but the proposed changes to Adani Total Gas and Adani Transmission will be delayed until May.

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.

 

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