The global index provider will apply a special treatment to Adani Group's associated securities in the MSCI Equity Indexes starting from the February 2023 review
Index provider MSCI has delayed implementing changes in the foreign inclusion factor (FIF), thereby reduction in the weightage of two Adani companies in the global MSCI Global Standard index. Now, the cut in weightage of the two Adani companies (Adani Transmission and Adani Total Gas) will be effective from May, and not as previously announced as closing trade of February 28.
“In the light of potential replicability issues due to the impact from price limit mechanisms in specific securities associated with the Adani Group, the MSCI will postpone the implementation of such previously announced updates to the FIFs for the below securities to the May 2023 index review. The reversal of the updates to these two securities in the February 2023 index review will be reflected in the MSCI index product files starting from February 16,” the MSCI said in an official statement.