Index provider MSCI said it will cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises , in its indexes after reassessing the number of shares that are freely traded.
, a major Indian cement company the Adani Group acquired from Holcim last year and which is not one of the group's main seven listed firms.
Adani Enterprises dropped 1.6% in Friday morning trade while Adani Transmission and Adani Total Gas slid 5%, down by its daily limit. Shares in ACC were down 1%.
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