Feb 10 (Reuters) - Index provider MSCI said on Friday
that the four of India's Adani Group companies, whose weighting
were cut in its indexes, accounted for 0.27% of its emerging
markets index based on their prices on Feb. 8.
MSCI reasssessed the size of companies' free floats, having
determined there was "sufficient uncertainty" surrounding some
investors in Adani companies. It embarked on the review after
feedback from market participants.
The "pro forma weight", incorporating index review changes
as well as the change in the so-called foreign inclusion factor,
is at 0.15%, the index provider said in an emailed statement to
Reuters.
(Reporting by Scott Murdoch; Editing by Toby Chopra)
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