Shares of Adani Total Gas and Adani Transmission ended more than 4 per cent lower on Friday after MSCI announced that the two companies will move out of the MSCI India Index with effect from May 31.
The stock of Adani Total Gas nosedived 4.33 per cent to settle at Rs 818.35 apiece and Adani Transmission plunged 3.49 per cent to close at Rs 885 per piece on the BSE.
During the day, shares of both companies declined 5 per cent each and touched their lower circuit levels on the bourse.
There are three additions and three deletions announced in the MSCI India Index, which will take place as of the close of May 31, 2023, according to the May 2023 index review announced on Thursday by MSCI.
