MSCI Inc will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, the global index aggregator said in a release late Friday. Free float is defined as the proportion of outstanding shares available to buy or sell in public markets by international investors. MSCI … Read more
NEW DELHI: The Adani-Hindenburg saga has left non-resident Indians (NRIs) worried over the state of their investments in Indian markets. A survey by SBNRI, an NRI-focused fintech platform, shows that they are looking for alternative investment options post the crisis in Adani group companies. The report suggests about 9.7% of Australia-based NRIs lead the investments … Read more
MSCI ESG Research said on Friday it recently changed some of its environmental, social and governance assessments of Adani Group entities, after the Indian conglomerate was caught up in a short-selling storm in recent weeks. Seven listed Adani Group companies lost over $100 billion in market value combined after a Jan. 24 report by Hindenburg … Read more
dani Transmission and Adani Total Gas have been moved to the stage-II of long-term additional surveillance framework by the National Stock Exchange from stage-I. The move will be effective from Monday, read a circular of the exchange. Earlier this week, the exchange had moved Adani Green Energy and New Delhi Television to the stage-II surveillance … Read more
Promoter entities in Adani Transmission and Adani Green Energy have pledged additional shares with SBI Trustee Company on March 6, according to the disclosures on the exchanges. In Adani Green Energy, 1,56,65,500 shares or 0.99% more stake has been pledged. With this, a total 2% stake is pledged with SBI Trustee. The release did not … Read more
“Not factoring in any international events that are very disruptive, the indices are seen to move up higher next week,” says Vinit Bolinjkar, Ventura Securities. Does it feel that the market is out of the slumber for sure and now we are headed for 18,000 or higher levels? There are a couple of things which … Read more
NEW DELHI: Star NRI investor Rajiv Jain-owned GQG Partners’ Rs 15,446 crore bold bet on troubled Adani stocks has yielded him a smart return of 20% or over Rs 3,100 crore in a span of just two days. The market value of Jain’s investment in 4 Adani stocks – Adani Enterprises, Adani Ports and Special … Read more
Mumbai: Adani Group on Thursday said US-based boutique investment firm GQG Partners has picked up equity stakes worth $1.87 billion (₹15,446 crore) in four listed group companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and flagship Adani Enterprises – via secondary share sales. These transactions took place through a series … Read more
Mumbai: Two of India’s leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. The recent selloff mirrors the weak trend in global equities after a series of US economic data – including Friday’s consumer price inflation, which is the Federal Reserve’s most preferred inflation gauge – compounded fears the … Read more
In tune with most of the Asian peers, Indian equity indices closed in the red for the sixth consecutive day on Friday, dragged by the HDFC twins, banking and IT stocks. It was their worst week in over 8 months on fears of aggressive interest rate hikes by global central banks and a fall in … Read more