India, Sept. 23 -- Adani Group equities have become relevant again because five Adani Group companies have resolved the adjudication process with SEBI in relation to the concerns raised after the publication of the Hindenburg Report. The adjudication process had several allegations of non-disclosure, related party transactions, corporate governance and audit reports. Even though the resolution did not include an admission or denial of the said findings, it was a regulatory development involving the five equities.

Following the announcement, the prices of the five shares of Adani Group stocks remained relatively flat, showing no significant response from the market to the settlement. It seems that investors had already anticipated this ...