Adani Group's US tormentor Hindenburg Research shuts shop

Hindenburg published 85 reports in its seven years of existence, and got it correct about 81% of the time

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"Kitne Ghazi Aaye, Kitne Ghazi Gaye (Many invaders have come and as many have perished),"" Singh wrote, which appears to be a tongue-in-cheek response to the closure of the New York-headquartered firm.

Hindenburg's allegations had sparked a political slugfest between the ruling Bharatiya Janata Party and the opposition Congress, with both sides taking potshots at each other.

Congress alleged that the ruling party was favouring the Ahmedabad-based conglomerate, while the BJP attacked Congress for destabilizing the economy.

Earlier in the day, Anderson, 40, announced the closure of Hindenburg Research, which he had set up in December 2017.

"As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research," Anderson wrote on his blog. "I write this from a place of joy. Building this has been a life's dream," said Anderson, who did not share a reason behind closing his venture, which had emerged as one of the most prolific, feared, successful and controversial among short-sellers.

"There is not one specific thing-no particular threat, no health issue, and no big personal issue," said Anderson.

A message sent to Anderson seeking comment went unanswered.