Hindenburg Research: All you need to know about US-based investment firm

Hindenburg Research: The name is based on the Hindenburg disaster of 1937, when a German passenger airship caught fire, killing 35 people

The shares of Adani Group companies fell sharply after investment research firm Hindenburg Research released a report allegng that the group has been engaged in "manipulation and accounting fraud". The firm said the Adani Group has "substantial debt" and had an 85 per cent downside on their valuations. 

Responding to the allegations, Adani Group described the report as a "malicious combination of selective misinformation and stale, baseless and discredited allegations". 

What is Hindenburg Research?

It is a US-based firm that specialises in financial research. It looks for accounting irregularities, illegal or unethical practices and undisclosed issues.

Its website says,