A US-based short-seller which had published reports accusing top financial entities in India and abroad of financial wrongdoings and fraud is set to shut down. Nate Anderson, the founder of Hindenburg Research,

The markets, especially the Adani Group company shares, have woken up to some interesting developments on Thursday, January 16. Earlier in the day, Hindenburg Research, a US-based short-selling activist group has announced its disbandment.

Hindenburg Research, storied for its short-selling reports, is winding up its business. The firm, which gained traction for rattling the Adani Group in 2023, was pursuing probes against some of the biggest corporate moguls worldwide.

Hindenburg Research, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from market value of his group companies, will disband, its founder Nate Anderson announced on Thursday.

Adani group stocks surged as news of Hindenburg Research's closure emerged, alongside positive developments in the Israel-Hamas conflict, increasing market capitalization by Rs 28,000 crore. Notably,

Hindenburg Research is in the spotlight this morning after founder Nate Anderson announced plans for a shutdown, citing a personal desire to pursue work-life balance. The investigative firm is broadly known for its report against Indian billionaire Gautam Adani and his conglomerate,

Hindenburg Research, the firm that wiped over $100 billion off the Adani Group's market value in 2023, has announced its closure. The announcement came as a surprise, as the short-seller was pursuing probes against some of the biggest corporate moguls worldwide.