- Economy
- Education And Career
- Companies & Markets
- Gadgets & Technology
- After Hours
- Healthcare
- Banking & Finance
- Entrepreneurship
- Energy & Infra
- Case Study
- Video
- More
- Sustainability
- Web Exclusive
- Opinion
- Luxury
- Legal
- Property Review
- Cloud
- Blockchain
- Workplace
- Collaboration
- Developer
- Digital India
- Infrastructure
- Work Life Balance
- Test category by sumit
- Sports
- National
- World
- Entertainment
- Lifestyle
- Science
- Health
- Tech
Adani Group Remains Eligible For CEMBI, JACI, JESG Indexes, Says JP Morgan
The bank's note read that as per rules of current index, the companies of Adani Group remains eligible for inclusion in CEMBI, JACI and JESG indices
Photo Credit :
India’s Adani Group, which has in recent weeks faced a brutal share selloff after the US short-seller Hindenburg released a report, is still eligible for inclusion in JP Morgan's influential bond indexes including CEMBI, JACI and JESG. This was stated by JP Morgan in a note on Monday.
The bank's note read that as per rules of current index, the companies of Adani Group remains eligible for inclusion in CEMBI, JACI and JESG indices.
The JP Morgan's note further mentioned that the bank is perpetually involved in monitoring the available information and liquidity of the securities and in case of market disruption or confirmed default event.
Adani Group of companies includes the businesses of power generation, transmission and renewable energy, ports among others. The Group has a total notional of USD 7.7 billion in the Corporate Emerging Market Bond Index (CEMBI) and the JP Morgan Asia Credit Index(JACI) indexes.
The CEMBI Index series keeps the record of US dollar denominated debt regulated by emerging market corporations, while JACI keep a track of total return performance of the Asia fixed-rate dollar bond market.