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Why did Adani Energy shares crash 9% today?
short by Pragya Swastik / on Thursday, 7 November, 2024
The shares of Adani Energy Solutions crashed over 9% to ₹978 apiece on Thursday as MSCI didn't add the stock to its standard index in the November review over uncertainty regarding its free float. "Adani Energy Solutions has been issued a show cause notice by SEBI for potential wrongful categorisation of shareholding of certain entities," MSCI said.
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