Hindenburg: American short-seller company Hindenburg, which was creating chaos in the Indian stock market, has packed its bags. Nathan Anderson founded Hindenburg in 2017. This company with just 10 employees has created chaos not only in India but in many countries of the world. However, ever since the news of Hindenburg’s closure has come, there has been more discussion about the company. Today we will know about the 7 hunts made by Hindenburg in the last 7 years.
Nikola Corporation
Hindenburg had made a move against the American company Nikola in the year 2020. Hindenburg had accused this electric truck manufacturing company of lying to investors about its technology. In this case, an American court had convicted the company’s founder Trevor Milton of fraud.
Hindenburg did not abandon Twitter either. Hindenburg previously took a short position in Twitter in SaaS 2022. Hindenburg had said on this that if Elon Musk backs out of the deal with Twitter then the offer of $44 billion will be reduced. The company then made a move against Musk in July and created a long position in Twitter. But, Musk had bought Twitter for only $44 billion.
Adani Group
Hindenburg came into limelight in India when it made very serious allegations against the Adani Group. The American company made many attempts to ruin Adani and was successful to a great extent. In fact, when Hindenburg accused Adani of corporate fraud, there was a disastrous fall in the shares of almost all the group companies. However, when Hindenburg’s dark intentions were exposed, Adani shares saw a rapid recovery.
SEBI
Hindenburg blamed SEBI Chief Madhabi Puri Buch and her husband Dhaval Buch for creating a stir in the Indian stock market. The company alleged that the Butch couple had stakes in foreign companies that laundered money for the Adani Group.
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