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Free-float markdown may rock the boat for 2 Adani Group firms
Shares of Adani Total Gas and Adani Transmission will hog the limelight on Monday after Morgan Stanley Capital International (MSCI) decides to lower the free float of these two stocks from 25 per cent to 14 per cent and 10 per cent, respectively, in its May index review. In February, the financial index provider deferred lowering the free float as these stocks continually hit the lower circuit, running the risk of a ‘potential replication’ crisis. Analysts say the weighting of Adani Total Gas and Adani Transmission in the MSCI
