Index provider MSCI has said it is closely monitoring publicly available information with regard to the grave fraud charges levelled against Adani group companies and also seeking feedback from market participants on these issues.
This comes after a report by U.S.-based investment research firm Hindenburg alleged that Adani group of companies were involved in stock manipulation and accounting fraud.
MSCI said it is aware of the reports recently published regarding the Adani group and associated securities.
"MSCI is closely monitoring publicly available information regarding the situation and the factors that may impact the eligibility of those relevant securities for the MSCI Global Investable Market Indexes," it said in a statement.
In an exclusive conversation with CNBC-TV18, Deven Choksey, promoter, KRChoksey Group, speaks on the Adani Group vs Hindenburg tussle. Listen in.
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This comes after a report by U.S.-based investment research firm Hindenburg alleged that Adani group of companies were involved in stock manipulation and accounting fraud.
MSCI said it is aware of the reports recently published regarding the Adani group and associated securities.
"MSCI is closely monitoring publicly available information regarding the situation and the factors that may impact the eligibility of those relevant securities for the MSCI Global Investable Market Indexes," it said in a statement.
In an exclusive conversation with CNBC-TV18, Deven Choksey, promoter, KRChoksey Group, speaks on the Adani Group vs Hindenburg tussle. Listen in.
#adanigroup #hindenburgreport #adanivshindenburgtussle #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.
You can also connect with CNBC-TV18 News Online
Catch the latest news: https://bit.ly/2YbpXBM
Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/
Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/
You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/
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