The Adani Group, one of India’s largest conglomerates, is facing uncertainty after MSCI announced a review of how its shares are treated in their indices. This review follows accusations by Hindenburg Research, a US-based short seller, of stock manipulation and accounting fraud within the Adani Group. MSCI’s review has sparked concerns among investors, as potential changes in the index composition could affect demand and valuation of Adani Group shares. The company has denied the allegations and is addressing MSCI’s concerns, but uncertainty will remain until the review is completed.
