A US-based short-seller which had published reports accusing top financial entities in India and abroad of financial wrongdoings and fraud is set to shut down. Nate Anderson, the founder of Hindenburg Research,

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.

Hindenburg Research, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from market value of his group companies, will disband, its founder Nate Anderson announced on Thursday.

Hindenburg Research is in the spotlight this morning after founder Nate Anderson announced plans for a shutdown, citing a personal desire to pursue work-life balance. The investigative firm is broadly known for its report against Indian billionaire Gautam Adani and his conglomerate,

Hindenburg Research, known for its impactful reports on Gautam Adani, shut down on 15. Founded by Nate Anderson, the firm gained attention for its investigations, causing significant financial losses for Adani Group.

Nate Anderson, the founder of Hindenburg Research, on Thursday announced plans to shut down the US-based investment research firm, which gained attention for its short-selling activities and reports that led to the loss of billions of dollars for Indian billionaire Gautam Adani-led Adani Group.

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,