Hindenburg Research, known for accusations against the Adani Group, shuts down

Founders clarify that the closure is due to ‘completion of work on the pipeline of ideas’

New Delhi – The US company ‘Hindenburg Research’ will shut shop, announced its founder Nathan Anderson on the night of January 15th through a post on ‘X’. “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,” his post mentioned. However, Nathan did not give any concrete reason behind the closure of the company. Hindenburg Research was started in 2017.

In August 2024, due to the allegations made by Hindenburg Research on the Adani Group in a report, Adani Group had suffered losses worth billions of rupees. Hindenburg claimed in the report that Madhabi Puri Buch, the head of the Securities and Exchange Board of India (SEBI), and her husband Dhaval Buch are partners in an Adani Group company.

Editorial Perspective

The founders have not given a concrete reason for shutting down. Questions are being raised whether this company was founded only to harm Indian industry and is it being closed now as the Trump Government is coming to power in the US.