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03
Feb

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Adani Enterprises Receive another Jolt from US, Shares to be removed from Dow Jones Sustainability Index

Adani Enterprises shares have experienced another jolt from the US markets following the inclusion of three Adani group stocks — Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements — in the ASM (additional surveillance measure) list for short term. Shares of Adani Enterprises could soon be dropped from the Dow Jones Sustainability Indices, with removal taking effect before the market opens on Tuesday, February 7, 2023. The US markets announced the information along with their index.

"Adani Enterprises (XBOM: 512599) will be removed from the Dow Jones Sustainability Indices following a Media & Stakeholder Analysis triggered by allegations of stock manipulation and accounting fraud," the announcement of the removal of Adani Enterprises shares from the S&P Dow Jones Sustainability Indices stated.

February 3, 2023
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