New Delhi. There is now an earthquake in the business world. If there is just anyone’s name on everyone’s lips right now, it is Hindenburg founder Nathan Anderson and Adani. In the world of business, the market of discussions about these two is buzzing. Let us first tell you what is the issue, so that you can understand the whole situation. Actually, this thing is of January 24, 2023, when Hindenburg released a report. In that report, the financial condition of Adani Group, a well-known industrialist of the country, was said to be poor and poor. The result of which was that the stock of Adani listed company fell in the stock market in such a way that even Adani himself was shocked. Due to which there was a significant decline in his net assets as well. After which the Adani Group issued a statement not only rejecting Hindenburg’s report outright, but also termed it as unauthentic. And also talked about legal action against him. Meanwhile, questions are now arising in the minds of the people that what is Hindenburg? Come, let us tell you about it in detail.
Know what is Hindenburg, who shook Adani Group?
Let us tell you that the name of the founder of Hindenburg is Nathan Anderson. He started this company in the year 2017. After graduating in International Business from the University of Connecticut, he made up his mind to start his own company. Although, this path was not so easy, but he firmly decided that no matter what happens, I have to give this small beginning of mine a big shape one day.
However, after completing his studies, he worked for some time in FactSet Research Systems Inc. After which he made up his mind to open his own venture, in which he also got success. Come, now let us know further what work Hindenburg does?
What does the Hindenburg do?
Let us tell you that Hindenburg analyzes equity, credit and derivatives of various multinational companies. Explains the current situation of various companies and presents it among the people by giving it the form of a report. During the company analysis, the company presents a report to the market only after explaining the company’s account, balance sheet, its position in the stock market, the opinion of the company’s shareholders. Keep in mind that till now Hindenburg has released 16 company reports, but now after releasing the report of famous industrialist Gotam Adani’s company, the kind of panic created by Hindenburg has never been seen till date.
Some important things related to Nathan Anderson
Nathan Anderson has also worked as a driver in Israel. He considers Harry Markpoulos, who is an analyst by profession, his mentor and role model. Explain that Hindenburg has asked a total of 88 questions to Adani in his report. Seven companies of the Adani Group, which are listed on the stock market, have described their financial condition as weak. Adani Group has lost an amount of $6 billion after Hindenburg’s report came out. Shares of Adani Group have reduced to Rs 2.37 lakh. On the other hand, Adani Group has termed the Hindenburg report as baseless and has also spoken of taking strict legal action against the said company.