Anti-Adani short -seller Hidenburg Research to be disbanded as founder says,’the plan has been to…’

The US research firm Hindenburg Research, which is known for short-selling, is to be shut down, as its founder Nate Anderson in an announcement on Wednesday said that the ‘plan is to wind up’ after the firm finished the pipeline of ideas it was working on. Notably, in last few years, starting 2023, it published some reports against Indian billionaire Gautam Adani and his companies.

Here’s what the founder said

In an announcement, Anderson said, “As I’ve shared with family, friends, and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today.”