Hindenburg report| Story Explained | ManyMouth

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Adani vs Hindenburg All you need to know about the story so far
Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. It has a track-record of finding corporate wrongdoings and placing bets against the companies.

Who are Adani and Hidenburg?
Gautam Adani, from Gujarat in western India, built his empire after starting out as a commodities trader. India's Prime Minister Narendra Modi is from the same state and their relationship has long come under scrutiny by Modi's opponents.

What did Hindenburg say?
Hindenburg disclosed that it holds short positions in Adani companies through U.S.-traded bonds and non-Indian-traded derivatives.

It released a report alongside the disclosure alleging improper use of tax havens and flagging concerns about debt levels.

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