Eternal Falls as Jefferies Warns of MSCI Weight Cut Risk

Published 1 year ago

Eternal (ETEA.NS), formerly Zomato, dropped 4% after Jefferies warned that its plan to become an Indian-owned company may trigger a cut in MSCI index weight, risking up to $1.3 billion in outflows due to rising foreign ownership nearing regulatory limits.

Stock drops 4%, top Nifty 50 loser.
Foreign ownership nearing 46.5% red flag.
MSCI exit could trigger $1.3B outflow.

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