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MSCI skips Adani Energy's inclusion in Nov rebalancing on free float woes

Business Standard LogoBusiness Standard9h ago

MSCI skips Adani Energy's inclusion in Nov rebalancing on free float woes - Business Standard

Quick Summary:

In smart metering business: enhancing energy efficiency and improving network planning and for debt repayment.

The QIP saw overwhelming demand, receiving bids of approximately 6x of the base deal size from a diverse group of investors, including utility-focused US investors entering India for the first time, sovereign wealth funds, major Indian mutual funds, and insurance companies.

MSCI further said it continues to monitor Adani Group and associated securities, including related to free float, and will issue further communication if appropriate.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 11:04:12 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23457334

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 305 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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