MSCI will remove Adani Transmission and Adani Total Gas from its India index in a move likely to dent both firms' share prices, according to Brian Freitas of Smartkarma. The removal follows MSCI's calculation of the number of shares considered freely tradable in the public market. The changes come despite recent investor roadshows and debt repayments by Gautam Adani's conglomerate, which was hit by a short-seller's allegations of market manipulation and fraud, causing share values to plummet by more than $150bn.