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

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

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

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

Shares of Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent and Adani Enterprises climbed 7.72 per cent.

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.

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.

Hindenburg Research, known for its impactful investigative reports, announced its closure following the completion of their projects. Founder Nathan A

In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research

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.