Index supplier MSCI stated that it’ll delay implementing weighting adjustments for some Adani Group corporations till later this 12 months, in keeping with a Thursday announcement.

The change in plans got here after MSCI earlier this month stated it would scale back the weightings of Adani Enterprises, Adani Complete Gasoline, Adani Transmission and ACC, a serious Indian cement firm the Adani Group acquired from Holcim final 12 months. The choice was made after MSCI reassessed the variety of shares which can be freely traded, it had stated.

Among the many checklist of Adani corporations, MSCI is delaying the measures for 2 corporations: Adani Complete Gasoline and Adani Transmission, in keeping with its Thursday morning discover.

As of the tip of January, the 4 Adani-related corporations had a mixed 0.4% weighting on MSCI’s Rising Markets Index, Reuters reported.

MSCI stated the adjustments shall be mirrored within the Could index assessment as an alternative of February’s. The agency defined the choice got here “in mild of potential replicability points because of influence from value restrict mechanisms in particular securities related to the Adani Group.”

MSCI stated it would apply particular therapy for all Adani Group’s related securities, citing “ongoing uncertainty with relation to key enter knowledge for index development.”

As such, MSCI is not going to make any adjustments – together with additions, deletions and constraint issue adjustments – in non-market capitalization weighted indexes and customized indexes such because the MSCI Issue, ESG, thematic and capped indexes, it stated.

Shares of Adani Group corporations largely traded increased in Mumbai on Thursday, aside from Adani Complete Gasoline which fell roughly 2%. Adani Transmission inched 1% increased.

Adani Enterprises rose  2.7%, Adani Port and Particular Financial Zone rose 2.3%, Adani Inexperienced Power rose 2.4% and Adani Energy rose 5%.