Bangabarta Bureau: Hindenburg Research, which presented an explosive report on India’s Adani group, is being closed. This information was given by NDTV. In this regard, the founder of the company, Nate Anderson, said in a note on the Hindenburg website, “I have decided to dissolve Hindenburg Research. It will be closed only after the pipeline of ideas we were working on is completed.” Anderson also said that this company is a chapter of his life, not his whole life. So he took this decision after much deliberation.
Hindenburg Research had targeted several business entities in India, including the Adani Group. The Adani Group was accused of rigging share prices and illegal financial transactions, including tax evasion. All the shares of the Adani Group collapsed due to their report. The Supreme Court had formed an expert committee to investigate the impact of the Adani scandal on the stock market. Although no charges were proven against the Adanis in that investigation. The allegations that Hindenburg had also made against the SEBI chief also caused great controversy. That company is now going to be closed.
In an announcement released a few days before Donald Trump took office, Anderson further clarified that there was no special threat or personal problem behind this decision. Although the price of Adani’s shares rose in the market after the announcement of Hindenburg’s closure on Thursday. According to the Times of India, after the announcement of Hindenburg’s closure Adani’s share price rose by 9 percent.
Hindenburg Research is being closed, Adani’s share price has increased
