Adani Group stocks surged today as Hindenburg Research, the short-selling firm infamous for its critical reports, announced its immediate closure. Hindenburg’s founder, Nate Anderson, cited the completion of their “pipeline of ideas” as the reason for the firm’s shutdown.

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

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.

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

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.

Adani Group shares surge as Hindenburg Research founder disbands entity, amid accusations of governance violations.

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.

Hindenburg Research's founder Nathan Anderson announced he will disband the firm due to the intense nature of the work.