MSCI
Global Standard Index has decided to exclude two
Adani Group
Companies from the index.
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Which will be
effective
after the end of
Trading
on 31 May.
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This
decision
has been taken by Index at a time when the
Group
is
Preparing
to Raise Funds through its Three
Companies
.
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Hearing
is to be held on the Petitions filed on the
Adani-Hindenburg
issue in the Supreme
Court
.
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But even before this,
Gautam
Adani
has got a Big Blow.
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Actually
, Two Companies of
Adani Group
have been excluded from
MSCI
Global
Standard Index.
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These companies are
Adani
Transmission and Adani
Total Gas
.
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It has been said on
behalf
of the
Index
that this
decision
on both these Companies will be
effective
after the end of Trading on
31 May
.
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This can be considered a big blow for the
Adani Group
, which has suffered huge
losses
since the
Research
Report of
American
short seller
Hindenburg
came out this year.
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