Hindenburg Research announces winding up of operations; Adani shares rally

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Hindenburg Research announces winding up of operations; Adani shares rally - Business Standard

Quick Summary:

The firm’s founder Nate Anderson posted about the disbanding on Hindenburg’s website without specifying any single reason for the decision.“I have made the decision to disband Hindenburg Research.

The conglomerate also had to abandon a Rs 20,000 crore fresh share sale by flagship Adani Enterprises despite garnering full subscription.

Four companies of the Adani group had received show-cause notices from Sebi till September in this financial year.