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Adani Group Reaction On Hindenburg Research Shuts Down: Adani Group Chief Financial Officer (CFO) Jugeshinder Singh has made a critical post after the closure of American short seller firm Hindenburg Research Report. A few hours after the news of closure of Hindenburg Research, Adani Group CFO wrote on social media platform He is happy about the closure of this American firm and sees it as the end of those attacking Adani Group.
Hindenburg Research report gave a big blow to Adani in January 2023
As soon as the report of Hindenburg Research Report came in January 2023, it created panic in the Adani Group in the Indian stock market. Immediately after the arrival of the report, the shares of Adani Group started falling and the shares of the group kept falling. By February 2023, the total value of shares of Gautam Adani’s Adani Group declined from Rs 20 lakh crore to around Rs 7-7.5 lakh crore and this also had a huge impact on the Indian stock market.
See how Adani Group CFO took a dig at Hindenburg
Jugeshinder Roby Singh wrote on social media platform
How many Ghazis came, how many Ghazis went
— Jugeshinder Robbie Singh (@jugeshinder) January 16, 2025
Even at that time, on the report of Hindenburg Research, Group CFO of Adani Group Jugeshinder Robbie Singh had said that we are surprised by the report published by Hindenburg Research. They have published this report without contacting us or verifying the correct facts.
Nathan Anderson closes Hindenburg Research
Hindenburg Research shared a personal note from founder Nathan Anderson in a post on its social media platform X. In this note, Nate Anderson said, I shared with family, friends and our team late last year that I have decided to dissolve Hindenburg Research. Anderson said, the idea was to close the company after completing its pipeline of investigative ideas, which has been implemented.
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