Adani stocks lose $10 billion in value as MSCI exclusion weighs

The Adani Group is facing a tough week as two of its entities have been dropped from the indexes of MSCI and concerns over potential dilution from a fundraising plan have wiped out $10.1 billion in market value. This could trigger around $390 million of selling by global passive funds later this month. Flagship firm Adani Enterprises is also set for a weekly loss of almost 4%.

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