Announcement for November 06, 2024 at 10:30 PM GMT
THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES
As per publicly available disclosures, ADANI ENERGY SOLUTIONS has been issued a show cause notice by the Securities Exchange Board of India (SEBI) for potential wrongful categorization of shareholding of certain entities.
Consequently, in light of the uncertainty regarding its free float, MSCI will not implement any increases in the Number of Shares (NOS), Foreign Inclusion Factor (FIF) and Domestic Inclusion Factor (DIF) for ADANI ENERGY SOLUTIONS as part of the November 2024 Index Review and until otherwise announced.
MSCI continues to monitor Adani Group and associated securities, including related to free float, and will issue further communication if appropriate.
THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES
End of announcement.
Further announcements may occur as needed.
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