Europe’s ESG Funds Sell More of Their Adani Group Shares
- Number of ESG funds with Adani names falls 6% in 2 weeks
- KLP sold Adani Green stake after Hindenburg published report
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European ESG funds have sold off some of their Adani Group holdings, with the number listed as including the embattled Indian conglomerate down by 6% over the past two weeks.
Shares bearing the Adani name now appear in about 480 so-called Article 8 funds — entities promising to promote environmental, social and governance goals under European Union rules, according to data compiled by Bloomberg. That’s down from more than 500 in mid-February.