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Last year, Hindenburg Research accused Madhabi Puri Buch - the chief of market regulator Securities and Exchange Board of India (Sebi) - of having links with offshore funds used by the Adani group ...
Hindenburg cited two years of research, including talks with former Adani senior executives and reviews of thousands of documents. Adani has challenged the allegations, which caused share prices ...
Since Jan. 24, 2023, Adani Energy Solutions is down 71.32%, Adani Total Gas has lost 82.7%, and flagship Adani Enterprises is down about 30%. Adani Ports and Adani Power are up about 51% and 105% ...
Hindenburg Research LLC was a U.S. investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017. [2] [3] [4] Named after the 1937 Hindenburg disaster, which they characterize as a human-made avoidable disaster, [5] the firm generated public reports via its website that allege corporate fraud and malfeasance. [6]
Adani has challenged the allegations, which caused share prices of its group companies to plunge. In another case, Hindenburg Research questioned the number of pre-orders that startup electric truck maker Lordstown Motors had reported for its Endurance model, leading to a shakeup in its management.
Nathan Anderson is the founder of Hindenburg Research, a New York-based investment research firm known for its investigative reports and short-selling strategies. [1] When he announced the closure of Hindenburg in 2025, the Wall Street Journal called him "Wall Street’s Pre-Eminent Short Seller".
In January 2024, the Supreme Court resolved the Adani Group stocks dispute arising from Hindenburg Research's allegations and dismissed requests for an SIT or CBI investigation. [ 10 ] [ 11 ] As of October 2023, Adani's fortune is estimated at $54.2 billion and ranked 23rd on the Forbes Real Time Billionaires list .
Hindenburg's closure comes as the number of prominent players has declined in recent years. Breakout Point , a data analysis tracking site listed 42 active short seller firms last year, down from ...