MSCI rejig on May 31: Adani Transmission, Adani Total to exit; HAL, Max Health to be included

Adani Transmission, Adani Total Gas and Indus Towers are set to leave the MSCI Global Standard Index on May 31, 2023, with Max Healthcare Institute, Hindustan Aeronautics and Sona BLW Precision Forgings entering the index. The move is expected to result in outflows of $189m and $167m for Adani Transmission and Adani Total Gas, respectively, with 18 million shares for each stock being offloaded. Meanwhile, Max Healthcare’s addition will result in inflows of $312m, with HAL and Sona BLW’s inclusion likely bringing in $196m and $171m.

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