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Hindenburg report on Adani group: Index provider MSCI invites feedback

Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices

Photo: Bloomberg
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The MSCI action will not happen immediately as the process of gathering feedback, its analysis and decision making would take time, said experts. | Photo: Bloomberg

Samie Modak Mumbai
MSCI has invited feedback on the Adani group securities following a report by US-based Hindenburg Research, which has made scathing allegations of fraud and stock price manipulation.

"MSCI is aware of the reports recently published regarding the Adani group and associated securities. MSCI is closely monitoring publicly available information regarding the situation and the factors that may impact the eligibility of those relevant securities for the MSCI Global Investable Market Indexes. MSCI welcomes timely feedback from market participants on these issues," the index provider said in a statement.

Market watchers said adverse feedback could lead to a reduction in weightage

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First Published: Jan 28 2023 | 12:28 PM IST

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