Nate Anderson, the US activist investor who made his name by publicly attacking companies including Afterpay-owner Block and billionaire tycoon Gautam Adani’s empire, is closing his New York short-selling firm Hindenburg Research.

The US-based short-selling firm that was behind reports that wiped out tens of billions from the market value of Adani Group, Hindenburg Research is finally shutting shutters. Here is a look at ‘Hindenburg-Adani’ saga.

Hindenburg Research, the US-based investment research firm and short seller famous for its big investigations, like the one on India’s Adani Group last year, an

Adani Group stocks surged today as Hindenburg Research, the short-selling firm infamous for its critical reports, announced its immediate closure. Hindenburg’s founder, Nate Anderson, cited the completion of their “pipeline of ideas” as the reason for the firm’s shutdown.

Adani Group stocks, including Adani Power, Adani Green Energy, Adani Enterprises, and Adani Ports, witnessed a notable rally on Thursday, January 16. This surge followed the announcement that US-based short-selling firm Hindenburg Research,

Adani Power rose the most among all the other companies of the group by as much as 9.2% or close to ₹600 per share

Hindenburg Research, the US-based short-selling firm that gained global attention for its report on the Adani Group, is set to cease operations, according to a statement by its founder, Nate Anderson,