Hindenburg hinted at big news in India with a post, "Something big soon India."

In January 2023, Hindenburg’s report caused Adani Group’s stock to drop.

Adani lost $86 billion in market value after the report.

In June 2024, SEBI accused Hindenburg of breaking Indian laws.

Hindenburg mentioned Kotak Bank, leading to a drop in its stock.

Hindenburg called SEBI’s notice an attempt to silence them.

Hindenburg Said - SEBI avoided directly naming Kotak Bank.

SEBI accused Hindenburg of sharing its report early with a hedge fund.

SEBI revealed close ties between the hedge fund and Kotak.

Both Kingdon Capital and Kotak Bank denied wrongdoing.