Founder of Hindenburg Research, Nathan Anderson, announced disbanding the short-selling firm whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his compani

Hindenburg Research, the US-based short-selling firm, launched a targeted campaign against the Gautam Adani-led conglomerate in early 2023, publishing scathing reports that erased billions off the group's market value.

Hindenburg Research, through its founder Nathan Anderson's personal note on the company website announced that the US-based short selling group has decided to disband and wind up its operations.

Anderson shared this decision through an official statement, he revealed that the decision to disband was not due to any external threats, personal health, or major issues.

Hindenburg Research, the influential short-selling firm that rattled global markets with high-profile exposés of companies like Adani Group and Nikola Corp., announced its closure Wednesday after a seven-year run that reshaped modern activist investing.

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down,

Hindenburg Research, whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down.