Adani stocks lose $10 billion in value as MSCI exclusion weighs

The Adani Group is facing a tough week as two of its entities have been dropped from the indexes of MSCI and concerns over potential dilution from a fundraising plan have wiped out $10.1 billion in market value. This could trigger around $390 million of selling by global passive funds later this month. Flagship firm Adani Enterprises is also set for a weekly loss of almost 4%.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News