MSCI to cut weighting of four Adani firms in wake of Hindenburg report

Index provider MSCI said it will cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises, in its indexes after reassessing the number of shares that are freely traded. The move comes in the wake of a Jan. 24 report by U.S. short seller Hindenburg Research that has accused the Indian conglomerate [……
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