Adani Group shares surged with Adani Power leading at Rs 599.90 following the closure announcement of US investment firm Hindenburg Research. Hindenbu

US-based short-seller’s founder Nate Anderson announced that the company would be disbanded after the team finished the pipeline of ideas they were working on

Over the years, Hindenburg Research acquired a reputation of publishing scathing reports targeting big companies and billionaires

The markets, especially the Adani Group company shares, have woken up to some interesting developments on Thursday, January 16. Earlier in the day, Hindenburg Research, a US-based short-selling activist group has announced its disbandment.

Adani group stocks rallied on Thursday after Hindenburg Research, which had launched a campaign against the group, announced its closure. Adani Power surged over 9%, Adani Green Energy gained 8.86%, and Adani Enterprises climbed 7.

Hindenburg Research, the short seller that had targeted several business groups in the past, is going to be disbanded, its founder Nate Anderson has said.

Adani Group stocks surged on January 16 after the disbandment of Hindenburg Research, which had previously caused significant financial losses to Gautam Adani's business interests. Adani Green Energy stock led with an 8.

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,

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,