Stocks linked to the Adani Group have escaped removal from MSCI Inc. indexes, as the Indian conglomerate continues to deal with the impact of a short-seller campaign that wiped out almost half of its market value in just over two weeks.
It is still unclear whether the index provider has adjusted weightings of any of the group’s stocks in its equity gauges in its latest review. MSCI said Wednesday it was reviewing the amount of shares linked to the group that were freely tradable in public markets.
