MSCI has announced the removal of restrictions on Adani Group stocks, a positive development amid ongoing scrutiny following the Hindenburg Research allegations.

In its August 2024 Index Review, MSCI will resume normal operations for Adani Group stocks, including updates to the Number of Shares (NOS), Foreign Inclusion Factor (FIF), and Domestic Inclusion Factor (DIF).

MSCI will also restart regular implementation of corporate events for these securities starting on 2nd September 2024.

The changes to Adani Group stocks will be effective at the close of 30th August and fully implemented by 2nd September, 2024.

MSCI will continue to monitor Adani Group and related securities, especially regarding their free-float status, and will issue further updates if needed.

In February 2023, MSCI suspended certain adjustments and deferred non-neutral corporate events for these stocks due to concerns about their free-float status.

MSCI’s latest announcement affects its Global Standard Index, which includes Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, Adani Power, and Ambuja Cements. Adani Enterprises and Ambuja Cements will see a reduction in weightage.

Adani Energy Solutions and Adani Total Gas will remain focused as they were excluded from MSCI indices last May. Adani Wilmar and NDTV are not currently included in any MSCI index.

The August review also adds seven new stocks—RVNL, Vodafone Idea, Dixon Technologies, Oil India, Oracle Financial, Prestige Estates, and Zydus Lifesciences—to the MSCI India Index.

HDFC Bank shares will have an increased weight in the MSCI indices, but the adjustment will occur in two stages.

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