American research firm Hindenburg has decided to shut down its operations. Hindenburg is the same company that issued a negative report against the companies of Indian billionaire Gautam Adani in 2023.

Hindenburg Research, known for its aggressive short-selling and its significant impact on the Adani Group in 2023, has shut down. Founder Nate Anderson cited the completion of their investigative goals and a desire for balance.

US-based Hindenburg Research, known for its controversial short-selling practices, is shutting down operations. The closure has raised questions about the firm’s practices, its impact on markets, and the possible reasons behind this sudden move.

Adani Group companies witnessed a significant surge in their stock prices, rising up to 7% in early trading on 16 January, following the announcement that Hindenburg Research, the controversial US-based short-selling firm,

Hindenburg Research, known for targeting Adani Group in 2023 and causing a $140 billion loss in market value, is winding down. Despite facing backlash and stirring controversy, it uncovered corporate fraud globally,

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down,