MSCI, the international company for stock indices, said on Thursday that two subsidiaries of the Indian Adani Group will not be eligible for its global indices, starting from the close of trading on May 31, according to Reuters, according to the company’s statement.
Adani – which operates in several sectors, including energy and infrastructure and is owned by one of the world’s richest people, Gautam Adani – announced last January a complementary offering of its shares to raise about $ 2.5 billion, but it canceled it In February, after its shares fell due to US criticism of the group’s integrity.
Among those interested in the offering was the Emirati International Holding Company (which is chaired by Mr Tahnoun bin Zayed Brother of the President of the Emirates and Deputy Ruler of Abu Dhabi), which announced an investment of 1.4 billion dirhams in the offering, before recovering the money that it paid later after announcing the cancellation of the subscription.
Adani Group companies lost about $90 billion of their value after the allegations, which the group denies, according to the BBC.
Reuters quoted the Supreme Court in India on Friday that it will examine the report of a special committee on the allegations against Adani and will issue a decision next Monday.
(Prepared by: Jehan Laghmari, Edited by: Yasmine Saleh, to communicate with [email protected])
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