MSCI cuts free-float designations for four Adani stocks

Adani Enterprises, Adani Total Gas, Adani Transmission and ACC have been affected as part of the index provider’s review.

Global index provider MSCI has reduced the foreign inclusion factor of four Adani group stocks, as part of its February index review.

MSCI defines the foreign inclusion factor, or FIF, of a security as the proportion of outstanding shares available for purchase by international investors in the public equity markets.

“MSCI will implement the resultant free-float changes and associated market capitalization determinations in connection with the February 2023 Index Review. The changes will be made as of the close of 28 February 2023, effective 1 March 2023,” a spokesperson from MSCI told The Morning Context.

The FIF of Adani …

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Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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furquan@mailtmc.com

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