India, Jan. 16 -- Adani stocks rose as much as 9% during the trading session on Thursday, January 16, 2025, after Hindenburg Research LLC, the US-based short selling firm behind the reports against the conglomerate announced it was going to be shut down.

The firm's founder Nathan Anderson announced its closure on January 15, stating in a post that he intends to focus on his personal life more and views Hindenburg "as a chapter in my life, not a central thing that defines me."

"Nearly 100 individuals have been charged civilly or criminally by regulators at least in part through our work, including billionaires and oligarchs," he wrote. "We shook some empires that we felt needed shaking."

Adani Power rose the most among all the other com...