Business Standard

Hindenburg vs Adani: Meet Nate Anderson, founder of Hindenburg Research

Anderson shot to fame in 2020 when Hindenburg Research released a report on electric vehicle maker Nikola alleging that the company was 'misrepresenting' the technology

Photo: Bloomberg

Photo: Bloomberg

BS Web Team New Delhi
Hindenburg Research, a US-based short-seller firm, has been in the news since January 24 when it released a report stating that the Adani Group is artificially boosting its share prices and is overvalued by over 80 per cent. Since that day, the group has cumulatively lost over $66 billion in market capitalisation. Gautam Adani, who was the second richest person in the world just days ago, has slipped to the seventh spot in the Forbes ranking.

In response to the allegations, the Adani Group issued a 413-page response on Sunday saying that the report "is nothing short of a calculated

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First Published: Jan 30 2023 | 3:56 PM IST

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