Emaar Properties, Dubai's largest listed real estate firm, is in talks with "a few groups" in India including Adani Group to sell a stake of its Indian business, it said on Thursday. The builder of the world's tallest building,

The Adani Group is reportedly in advanced discussions with Dubai-based Emaar Properties to acquire a majority stake in its Indian subsidiary, Emaar India, for an estimated Rs 4,000-5,000 crore.

Anderson, who founded Hindenburg in 2017, explained in a post on the company’s website that the decision was prompted by the

Hindenburg Research published reports against Indian conglomerate The short-seller accused Adani Group of using offshore tax havens improperly, which the company denied.

US-based Hindenburg Research, known for its controversial short-selling practices, is shutting down operations. The closure has raised questions about the firm’s practices, its impact on markets, and the possible reasons behind this sudden move.