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Hindenburg Research, the US-based short-seller notorious for its damning report on the Adani Group earlier this year, has stirred the pot once again by hinting at another major revelation involving an Indian company. The firm took to X (formerly Twitter) to drop a cryptic message, “Something big soon India,” sparking widespread speculation and unease in financial circles. Hindenburg’s previous report on the Adani Group, released in January 2023, caused a seismic shock in the Indian markets, wiping out $86 billion in market value for the conglomerate and leading to global scrutiny. The firm is currently embroiled in a legal tussle with India’s Securities and Exchange Board (SEBI), which accused it of violating Indian regulations—a charge Hindenburg dismissed as an attempt to muzzle those exposing corruption. As the financial world waits with bated breath, all eyes are on Hindenburg’s next move and which Indian company might now be in the crosshairs.
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