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Hindenburg Research, whose reports wiped billions off Gautam Adani's wealth, shuts down

Economic TimesEconomic Times · 3h
Hindenburg Research, whose reports wiped billions off Gautam Adani's wealth, shuts down

Hindenburg Research, known for its critical reports that significantly impacted Gautam Adani's wealth, has announced its shutdown. The firm gained notoriety for its allegations of fraud and stock manipulation against Adani Group, leading to a dramatic decline in the group's market value and triggering investigations. Hindenburg's reports have drawn attention for their detailed analysis and aggressive stance on corporate governance issues. The closure marks the end of a controversial chapter in financial research, raising questions about the future of short-selling firms and their influence on markets. The decision comes amid ongoing scrutiny of their methodologies and the implications of their findings.

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