Aug 10, 2024 12:29 PM IST

Hindenburg Research, the US-based activist short seller famous for its damning report on the Adani Group has now published a cryptic post on X teasing another potential disclosure involving India.

‘Something big soon India,’ Hindenburg Research wrote in its post on X.

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Who is Hindenburg Research?

Hindenburg Research LLC is a US-based investment research and short selling firm that publishes reports, exposing frauds or corruption in companies, after taking a short position on the company’s stocks.

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The company became famous for its report titled, ‘Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History,’ which led to one of India’s largest conglomerates losing around $25 billion in market capitalisation.

What is short selling?

Short selling is when an investor foresees a fall in the value of a company’s share and therefore, enters into a short selling arrangement with a broker where the investor borrows shares of the company and sells it at the prevailing market prices, then buys shares of the same company after the share price falls and returns the shares.

The investors make a profit from the difference between the market price of the share before it fell and after it fell.

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