amarchand mangaldas which is leading the defence of adani group msci cuts down weightage of adani stocksglobal stock index provider msci has changed the weightage for four adani group stocks that are constituents in its indices and are closely tracked and benchmarked to by global fund managersmsci reasssessed the size of some 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 total keeps investments on holdlast week french oil major totalenergies one of the largest foreign investors in adani group said it would wait for the result of an independent audit before proceeding with investing in adani groups 50 billion plans to make green hydrogenit has now further decided to pause 4 billion investment in the green hydrogen venture pending audits a report by the economic times said it could be a big blow for te new ventures timelines of production of green hydrogen at 1 per kg by 2030 rating agencies reportrating agencies have continued to be cautious on adani group stocks with most of them downgrading the outlook to negative in the past 1 week moodys announced the a downgrade of the ratings outlook to negative from stable for four firms adani green energy adani green energy restricted group adani transmission stepone ltd and adani electricity mumbai ltdthese rating actions follow the significant and rapid decline in the market equity values of the adani group companies following the recent release of a report from a shortseller highlighting governance concerns in the group moodys saidmeanwhile fitch ratings last week said that the exposure of indian banks to the embattled adani group is insufficient in itself to present a substantial risk to the credit profiles of these lenders govt rbi chief respondamid crisis plaguing the adani group finance minister nirmala sitharaman said that regulators like sebi rbi should always be on their toes and act in time to keep the markets stablespeaking to times now about the massive stock rout of adani following allegations by hindenburg research the finance minister said that she does not have any view on the report but added that banks and insurance companies who are facing exposure are themselves speaking out and reassuring the common manmeanwhile rbi governor shaktikanta das said that the indian financial sector is resilient and would not be affected by an individual incidentfinance secretary tv somanathan also assured that the exposure of any nationalised bank or insurance company in adani group companies should not be a cause for any concern for the depositors policy holders or investorsthe exposure of the state bank of india and the life insurance corporation in any company is far below the level where it should concern the investors he had said