Hindenburg Research, known for criticizing Adani Group, shuts down, sparking stock rally.

Hindenburg Research, the US firm known for targeting Indian billionaire Gautam Adani's companies and causing significant financial losses, has been shut down by its founder, Nate Anderson. Hindenburg's reports since 2023 accused Adani Group of financial irregularities, which were denied by Adani. Anderson did not give a specific reason for disbanding the firm, but the closure has led to a rally in Adani Group stocks. Anderson plans to pursue personal interests and hobbies.

2 months ago
67 Articles