MSCI says four Adani stocks accounted for 0.27% of EM index as of Feb 8

Index provider MSCI said on Friday that the four of India's Adani Group companies, whose weighting were cut in its indexes, accounted for 0.27% of its emerging markets index based on their prices on Feb. 8.

MSCI reasssessed the size of companies' free floats, having determined there was "sufficient uncertainty" surrounding some investors in Adani companies. It embarked on the review after feedback from market participants.

The "pro forma weight", incorporating index review changes as well as the change in the so-called foreign inclusion factor, is at 0.15%, the index provider said in an emailed statement to Reuters.