Adani Firms to See Lower MSCI Weightings on Free Float Revisions
- Four Adani stocks have index weightings cut, says Nuvama
- Real-money bond investors likely avoid Adani: Citi strategists
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MSCI Inc. has cut the amount of stocks it considers freely tradable in the public market for four Adani Group companies in its indexes, a move analysts say will result in lower weightings for them in MSCI’s indexes.
MSCI said in response to a Bloomberg query that shares held by certain Adani investors should no longer be designated as freely tradable in the public market and it will implement free float changes on Adani Enterprises Ltd., Adani Transmission Ltd., Adani Total Gas Ltd. and ACC Ltd., effective Feb. 28.