Brief by Shorts91 Newsdesk / 05:15am on 16 Jan 2025,Thursday Business
US-based short seller Hindenburg Research, known for targeting entities like the Adani Group, announced its disbandment. Founder Nate Anderson confirmed the decision to wind up after completing their pipeline of ideas, dismissing any threats or personal issues. Hindenburg's 2022 report accusing Adani of financial irregularities sparked controversy, though the Supreme Court cleared the group. Anderson's announcement comes as Donald Trump prepares to assume office. Previously, Hindenburg's reports faced backlash, including claims of "calculated attacks on India." The move also follows US lawmakers questioning probes into Adani's companies, raising concerns over global alliances.
