Adani stocks: MSCI said for the avoidance of doubt, it would continue implementing any neutral corporate events including ones requiring application of a Price Adjustment Factor (PAF).
MSCI had on Friday said it would lower the free float percentages of the two Adani Group companies. Nuvama estimates $122 million in outflow for Adani Transmission and $84 million in the case of Adani Total Gas.
Market participants said MSCI intends to delete HDFC from MSCI Global Standard Index and at the same time add HDFC Bank to the large cap segment of MSCI Global Standard Indexes with a foreign inclusion factor (FIF) of 0.37 after applying an adjustment factor of 0.5.
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