Hindenburg Research, the U.S.-based short seller famous for its critical report on the Adani Group, has teased a new significant disclosure involving India. In a recent post on X (formerly Twitter), the firm cryptically announced, “Something big soon India,” leading to widespread speculation about the potential target.
Hindenburg made headlines last year with a report accusing the Adani Group of orchestrating “the largest con in corporate history.” This report was released just before Adani Enterprises’ planned share sale, causing a sharp decline in the group’s stock value, wiping out around $86 billion in market capitalization, and triggering a sell-off of its overseas-listed bonds.
The ongoing Adani-Hindenburg controversy took another turn in June when India’s market regulator, SEBI, revealed ties between Hindenburg Research and New York hedge fund manager Mark Kingdon. SEBI alleged that Hindenburg had shared an advance copy of its Adani report with Kingdon, enabling substantial profits through strategic trading. Hindenburg dismissed these allegations, accusing SEBI of trying to silence critics of powerful figures in India.
Founded by Nathan Anderson in 2017, Hindenburg Research has built a reputation for targeting major corporations after conducting in-depth investigations. With its latest hint, attention is now focused on which Indian corporation could be next under scrutiny by the short seller.
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Source: Moneycontrol
News Desk
