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.