[ad_1]
Adani Group Stocks In MSCI: MSCI (Morgan Stanley Capital International) has announced that it is going to review the free-float status of Adani Group shares. MSCI has taken this decision after Hindenburg Research’s allegations on Adani Group. MSCI said in its statement that market participants have raised concerns about the free-float status of securities of the Adani Group in the MSCI Global Investable Market Index (GIMI) and have received feedback in this regard.
Index provider MSCI has clearly stated that it believes that some securities of Adani Group should not be part of the free-float. If MSCI decides to reduce the shares under free-floating, then its wider impact can be seen on the shares of Adani Group. MSCI provides services related to the preparation of the index.
The full form of MSCI is Morgan Stanley Capital International. Global large investors invest considering MACI as a benchmark index. On the basis of this, these investors invest in the markets around the world. Whenever a stock is included or removed from the MSCI index, its effect is seen on the price of the shares. Foreign investors invest in the shares which are included and those which are removed are sold. MSCI decides on inclusion or removal of stocks from the index every six months or quarterly.
Free-floating shares are those shares which are available for trading. MSCI considers those shares as free-float which are placed in the market for foreign investors to buy. 8 companies of Adani Group are included in this MSCI index which does not include NDTV and Adani Wilmar. After the announcement of review on the placement of Adani Group stocks in the MSCI index, there has been a big decline in the stocks of the group again on Thursday. Stocks of Adani Group have closed down by 11 per cent.
read this also
[ad_2]
Source link