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Hindenburg Research may have yet another Indian company on its target, social media post from company goes viral

Hindenburg Research

Hindenburg Research, the well-known short-selling firm, has hinted at another significant disclosure involving an Indian company, sparking widespread speculation. On August 10, the firm posted a cryptic message on X (formerly Twitter), stating, "Something big soon India," suggesting that another major revelation could be on the horizon.

This teaser comes more than a year after Hindenburg made headlines with its explosive report against the Adani Group in January 2023, alleging insider trading and stock market violations. The report triggered a massive sell-off, wiping out over $100 billion in market value from Adani Group stocks. The conglomerate, led by Gautam Adani, has consistently denied these allegations, dismissing them as unfounded.

Adding to the intrigue, in July, senior Indian lawyer and BJP leader Mahesh Jethmalani claimed that the Hindenburg report on Adani was commissioned by an American businessman with ties to China.

Hindenburg's earlier report had a profound impact, as it was released just before Adani Enterprises' planned share sale, leading to a sharp $86 billion drop in the market capitalization of Adani Group stocks and a subsequent sell-off of the group's bonds abroad.

In June 2024, Hindenburg again captured attention when it revealed that the Securities and Exchange Board of India (SEBI) had issued a notice against the firm for alleged regulatory violations. Hindenburg dismissed the notice as "nonsense," claiming it was a deliberate attempt to silence those exposing corruption among India's most powerful figures. This revelation also affected Kotak Bank's stock value, which dropped to its lowest level since June following the news.


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