
Global index services provider MSCI has decided it will not add Adani Energy Solutions to its indexes in the May 2026 review after the stock was moved to an “Ineligible Alert Board” linked to India’s Additional Surveillance Measure (ASM) framework.
In a standard announcement in the wee hours of today, MSCI said under Appendix I of the MSCI Global Investable Market Indexes Methodology, the index provider “will not implement any additions to IMI for securities that enter the India Short Term and Long Term Additional Surveillance Measure (ASM)” during index reviews.