Anti-Adani short-seller Hindenburg Research disbanded

Hindenburg Research, the US-based short seller that had targeted several business entities including the Adani Group, is going to be disbanded, founder Nate Anderson has said.

"I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on," he said in a note on the Hindenburg website. Anderson has clarified there has been no particular threat or personal issue behind this decision to wind up.

Hindenburg targeted the Adani Group in 2022 with what the group said was "nothing but a lie" and were "calculated attacks on India". In August 2024, the short-seller launched another attack on the energy-to ports conglomerate, which snubbed the charges as "recycled claims" that had earlier been discarded.