adani stocks news

Adani stocks lose $10 billion in value as MSCI exclusion weighs

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Adani stocks lose $10 billion in value as MSCI exclusion weighs

Stocks part of Adani Group have lost a combined $10 billion in market value this week, weighed down by MSCI Inc.’s move to exclude two entities from its India gauge and concerns over potential dilution from a fundraising plan. Adani Total Gas Ltd. and Adani Transmission Ltd. — the two stocks to be dropped from … Read more

Surveillance measures in place: SEBI on crash in Adani stocks

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Surveillance measures in place: SEBI on crash in Adani stocks

After the market value of Adani stocks dropped nearly 50% in 7 trading sessions following explosive allegations made in Hindenburg report, markets regulator Securities and Exchange Board of India (Sebi) today said surveillance measures to address excessive volatility are in place. “As part of its mandate, SEBI seeks to maintain orderly and efficient functioning of … Read more