Hindenburg, which dealt Adani a $140bn m-cap blow, to disband

Hindenburg Research, known for targeting Adani Group in 2023 and causing a $140 billion loss in market value, is winding down. Despite facing backlash and stirring controversy, it uncovered corporate fraud globally, leading to significant legal actions and financial implications.

Jan 17, 2025 - 04:30

Hindenburg, which dealt Adani a $140bn m-cap blow, to disband

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Hindenburg Research, known for targeting Adani Group in 2023 and causing a $140 billion loss in market value, is winding down. Despite facing backlash and stirring controversy, it uncovered corporate fraud globally, leading to significant legal actions and financial implications.