MSCI seeks feedback on Adani Group over Hindenburg report

MSCI is looking for feedback on Adani Group’s Hindenburg report.

MSCI, the index provider, stated on Saturday that it is looking for input on Adani Group and related securities, and that it is aware of a report made by short-seller Hindenburg Research.

The US short-seller claimed on Wednesday that it has short positions in the Indian conglomerate, accusing it of inappropriate use of offshore tax havens and raising concerns about high debt, prompting a major sell-off of the group’s India-listed shares.

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“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.