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#IMPORTANT The #MSCI Weight Reduction in #AdaniGroup is Just the Start of more events to come.
I highlighted the likelihood of #MSCI in the #THREAD BELOW
I highlighted the likelihood of #MSCI in the #THREAD BELOW
1/n what did MSCI Say ?
"MSCI has received feedback from a range of market participants concerning the eligibility"
“Characteristics of certain investors have sufficient uncertainty that they should no longer be designated as free float pursuant to our methodology.”
"MSCI has received feedback from a range of market participants concerning the eligibility"
“Characteristics of certain investors have sufficient uncertainty that they should no longer be designated as free float pursuant to our methodology.”
=> basically MSCI felt there is truth in what #Hindenburg portrayal of a "Close Relationship" with the FIIs
MSCI Also Said
"This determination has triggered a free float review of the Adani Group securities" which will be informed in Mid-feb and implemented by End-feb
MSCI Also Said
"This determination has triggered a free float review of the Adani Group securities" which will be informed in Mid-feb and implemented by End-feb
