Financial index provider MSCI said on Thursday that some Adani securities should no longer be designated as free float, after market participants raised concerns about the eligibility of the Indian conglomerate's companies for some of its indexes. Billionaire tycoon Gautam Adani has already has seen $110 billion wiped off his seven main Indian-listed stocks in slightly more than two weeks after a scathing Jan. 24 report by a U.S. short seller which accused the conglomerate of improper use of offshore tax havens and stock manipulation.
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