After the shocking Adani report last year, Hindenburg Research hints at another major revelation related to India. The US short seller promises "Something big soon India."
January 2023: Hindenburg's report on Adani Group led to an $86 billion decline in market value Triggered a major sell-off of Adani's overseas listed bonds
SEBI reveals a connection between Hindenburg and Mark Kingdon of Kingdon Capital Hindenburg allegedly shared an advance copy of its Adani report, enabling strategic trading profits
Kingdon Capital had significant stakes in Kotak Mahindra Investments Limited (KMIL) Profited $22.25 million from short positions in Adani Enterprises prior to the report's release
SEBI issued a 46-page show-cause notice to Hindenburg and Kingdon Capital Potential legal actions include financial penalties and market participation restrictions
Hindenburg criticizes SEBI's notice, calling it an attempt to "silence and intimidate" Accuses SEBI of overlooking Adani Group's alleged financial misconduct
Senior lawyer Mahesh Jethmalani claims potential Chinese involvement via Kingdon’s wife, Anla Cheng These unverified claims add another layer to the ongoing investigation
What’s Next? Hindenburg has been given 21 days to respond to SEBI's allegations. Meanwhile, the financial world eagerly awaits Hindenburg's next big revelation in India.