Hindenburg Research, which caused billions of losses to Gautam Adani, is closed

New York (Team Newsbuddy): American short seller Hindenburg Research is now closed. The company’s founder Nate Anderson has made this announcement. This is the same Hindenburg Research which released a research report against the Adani Group in January 2023, after which the shares of the Adani Group saw a sharp decline.

Why did the head of Hindenburg Research take this decision?

Nate Anderson said in his statement, I had shared with family, friends and our team since the end of last year that I have decided to dissolve Hindenburg Research. Anderson said, the idea was to close the company after completing its pipeline of investigative ideas. Hindenburg Research had recently completed its last projects related to Ponzi schemes, with which its activity has come to a halt.