Adani Group shares surged with Adani Power leading at Rs 599.90 following the closure announcement of US investment firm Hindenburg Research. Hindenburg had earlier published damaging reports affecting Gautam Adani's business interests.

Adani Enterprises shares were up 2 per cent. Adani Ports gained over 2.5 per cent, and Adani Green Energy surged near 4 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.

Hindenburg Research, the short seller that had targeted several business groups in the past, is going to be disbanded, its founder Nate Anderson has said.

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, the US-based short-selling firm, launched a targeted campaign against the Gautam Adani-led conglomerate in early 2023, publishing scathing reports that erased billions off the group's market value.

Adani Group stocks surged on January 16 after the disbandment of Hindenburg Research, which had previously caused significant financial losses to Gautam Adani's business interests. Adani Green Energy stock led with an 8.

Hindenburg Research, the US-based short-selling firm that gained global attention for its report on the Adani Group, is set to cease operations, according to a statement by its founder, Nate Anderson,