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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Adani crisis: Modi's party has 'nothing to hide', says India home ministerIndian Prime Minister Narendra Modi's party has 'nothing to hide or be afraid of' on the controversy over Adani group, the home minister said on Tuesday, responding to opposition allegations of favouring the conglomerate attacked by a U.S. short seller.
Read more »
Adani Group likely to repay short-term commercial paper borrowings - bankersTwo large companies within India's embattled Adani Group are likely to repay their short-term commercial paper (CP) debt as they come due over the next few months, instead of rolling them over as is normal, two merchant bankers and a company official directly familiar with the matter said.
Read more »
Adani Enterprises 3Q Net INR8.20B Vs. Loss INR116.3M |512599.BYCorrections & Amplifications This headline was corrected at 0857 GMT to reflect Adani Enterprises 3Q Net INR8.20B Vs. Loss INR116.3M, not Loss INR116.3B...
Read more »
Adani Enterprises swings to Q3 profit; makes no 'material' adjustments post HindenburgIndia's Adani Enterprises reported a swing to third-quarter profit on Tuesday from a loss a year earlier, and said it had made no 'material financial adjustments' in the wake of the U.S. short seller report that roiled its shares.
Read more »
India's market regulator is looking into the explosive allegations against Adani Group | CNN BusinessIndia's market regulator is looking into the explosive allegations against Adani Group made by US short seller Hindenburg Research, which accused the conglomerate of 'the largest con in corporate history.'
Read more »
Gautam Adani Seeks to Appease Investors as Flagship Unit’s Earnings JumpSeeking to allay investors’ concerns, Indian billionaire Gautam Adani described the current market volatility as temporary after a weekslong share-price rout
Read more »