ADANIPORTS

Aug 5 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS Q1 CONSOL NET PROFIT 33.15 BILLION RUPEES

• ADANI PORTS Q1 CONSOL REVENUE FROM OPERATIONS 91.26 BILLION RUPEES

• ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - GAUTAM S. ADANI RE-DESIGNATED AS NON-EXECUTIVE CHAIRMAN

• ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - MANISH KEJRIWAL APPOINTED AS ADDITIONAL DIRECTOR FOR 3 YEARS

Source text: [ID:]

Further company coverage: APSE.NS

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July 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS - HANDLES 41.3 MMT IN JUN’25

• ADANI PORTS - Q1 FY26 VOLUME STOOD AT 120.6 MMT

Source text: ID:nnAZN42QILK

Further company coverage: APSE.NS

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June 20 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• SUBSIDIARY TO DIVEST 49% STAKE IN VERACITY

• ADANI LOGISTICS TO RETAIN 1% STAKE IN VERACITY

• UNIT ENTERS INTO JV TERMINATION AGREEMENT WITH RIDDHI INFOCOM SOLUTIONS

Source text: ID:nBSE2VGlGH

Further company coverage: APSE.NS

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June 3 (Reuters) - Shares of India's Adani Group firms fell between 1% and 2.5% on Tuesday, a day after the Wall Street Journal reported that U.S. prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port.

An Adani spokesperson called the report "baseless and mischievous" in a statement, adding: "We are not aware of any investigation by U.S. authorities on this subject."

Shares in the group's flagship firm Adani Enterprises ADEL.NS opened 2.2% lower, while Adani Ports APSE.NS fell 2.5%. Adani Total Gas ADAG.NS, Adani Power ADAN.NS, Adani Green ADNA.NS and Adani Energy Solutions ADAI.NS were down between 1% and 2%.

India's benchmark Nifty 50 index .NSEI was down 0.4%, with Adani Enterprises and Adani Ports the top percentage losers.

The WSJ said it had found tankers travelling between the Gulf and billionaire Gautam Adani's Mundra port in western India exhibiting traits that experts say are common for ships evading sanctions.

Reuters could not independently verify the report and the U.S. Department of Justice and the U.S. Attorney's Office in Brooklyn did not respond to requests for comment.

Adani Ports has been the top gainer among Adani Group stocks so far this year, up 16%, while Adani Total has been the top loser, down 11%.

(Reporting by Sethuraman NR; Editing by Mrigank Dhaniwala)

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By Dharamraj Dhutia

MUMBAI, May 28 (Reuters) - Adani Ports and Special Economic Zone APSE.NS, India's largest private port operator, plans to raise as much as 50 billion rupees through the sale of bonds maturing in 15 years, two merchant bankers said on Wednesday.

The company is likely to offer a coupon of around 7.75% on the issue and invite bids on Friday, the bankers said, requesting anonymity as they are not authorised to speak to the media.

The group did not immediately respond to Reuters' email seeking comments.

On May 22, the company's board approved raising up to 60 billion rupees through bond sales.

The notes are rated AAA by Crisil and Care.

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

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Changes date; Adds Adani Green's response in paragraph 6, updates stock moves in paragraph 9

May 5 (Reuters) - Representatives for Indian billionaire Gautam Adani met officials from U.S. President Donald Trump's administration to seek dismissal of criminal charges in an overseas bribery probe, with a resolution possible in a month, Bloomberg News reported.

In November, U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging they paid bribes to secure power supply contracts, and misled U.S. investors during fund raises there.

The U.S. financial regulator summoned the duo, alleging they misled investors on compliance during a $750 million Adani Green ADNA.NS bond sale in the United States.

The billionaire's aides are trying to make the case that his prosecution does not align with Trump's priorities and should be reconsidered, Bloomberg News reported on Sunday, citing sources familiar with the matter.

The discussions began earlier this year and have picked up in recent weeks, with a resolution possible within a month if the momentum continues, the report said.

Adani Green, in a statement on Monday, reiterated it was not part of any proceedings, but it did not directly comment on the report about the meetings. It had recently said its review of the indictment found no non-compliance or irregularities.

The Justice Department and White House declined comment to Bloomberg on the report and did not respond to Reuters for comment outside business hours.

Adani Enterprises, the group's flagship firm, also did not respond to a request for comment. The group has previously denied any wrongdoing.

Shares of Adani Group's nine Indian listed companies rose between 1.7% and 10.5% on Monday, amid a 0.6% increase in the broader market.

The indictment has erased about $13 billion in market value from Adani Group's nine listed firms.

(Reporting by Bipasha Dey, Nandan Mandayam and Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)

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BENGALURU, May 1 Reuters - Diary of India economic, corporate events on May 1

ECONOMIC, CORPORATE .BSE500 EVENTS:

(Compiled by Bengaluru Newsroom)

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Recasts throughout with information from Adani Ports and background

April 17 (Reuters) - Adani Ports APSE.NS, India's largest private port operator, said on Thursday it will buy an Australian deep-water coal export facility for an enterprise value of about A$3.98 billion ($2.54 billion), as it aims to grow its global presence.

As a part of the deal, Adani Port will issue 143.8 million shares to Carmichael Rail and Port Singapore Holdings to buy Abbot Point Port Holdings, which owns and operates the North Queensland Export Terminal, the port operator said.

North Queensland Export Terminal, which is a deep-water coal export terminal with a capacity of 50 million tonnes per annum, was purchased by Adani Ports in 2011 before it was sold to the Adani family in 2013 in a $2 billion deal.

As part of the deal, Adani Ports will also assume other non-core assets and liabilities on Abbot Point Port's balance sheet, which the company will realize within a few months of the deal, it added.

The terminal, which is located on Australia's east coast, is well-positioned for strong growth, supported by rising capacity, medium-term contract renewals, and future opportunities in green hydrogen exports, Adani Ports CEO Ashwani Gupta said.

The company aims to take the port's EBITDA growth to A$400 million within four years, Gupta said.

($1 = 1.5684 Australian dollars)

(Reporting by Shivani Tanna in Bengaluru; Editing by Shailesh Kuber)

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April 7 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS: ADANI'S COLOMBO TERMINAL COMMENCES OPERATIONS

Source text: ID:nBSE8d8ClW

Further company coverage: APSE.NS

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April 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - HANDLES RECORD CARGO VOLUME IN MAR'25

• ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - HANDLES 41.5 MMT CARGO IN MAR'25, UP 9% YOY

Source text: ID:nBSE6GJJlX

Further company coverage: APSE.NS

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Feb 21 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI PORTS MD: ADANI GROUP TO INVEST 55 BILLION RUPEES TO EXPAND THE TRIVANDRUM INTERNATIONAL AIRPORT

Source text: [ID:]

Further company coverage: ADEL.NS

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Feb 7 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS - GOT TAX ORDER FOR PENALTY OF 245.7 MILLION RUPEES

Source text: [ID:]

Further company coverage: APSE.NS

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Feb 4 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - HANDLES MONTHLY CARGO VOLUME OF 39.9 MMT IN JANUARY

Source text: ID:nBSE5bSMRB

Further company coverage: APSE.NS

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Jan 30 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS missed third-quarter profit estimates on Thursday.

Consolidated net profit for the country's top private port operator was at 25.20 billion rupees ($291.1 million) for the quarter ended Dec. 31, below analysts' average estimate of 26.08 billion rupees, as per data compiled by LSEG.

($1 = 86.5620 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich)

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Jan 3 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS - APSEZ HANDLES 38.4 MMT OF CARGO IN DEC ’24

Source text: ID:nnAPN2INGLJ

Further company coverage: APSE.NS

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Dec 27 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - PLACES ORDER FOR 8 TUGS WORTH 4.50 BILLION RUPEES

• ADANI PORTS - PROCUREMENT OF EIGHT STATE-OF-THE-ART HARBOUR TUGS

• ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - ORDER TO INCREASE ADANI'S FLEET TO 152 TUGS

• ADANI PORTS - PLACES ORDER FOR 8 TUGS WITH COCHIN SHIPYARD

Source text: ID:nNSE5z9WXy

Further company coverage: APSE.NS

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COLOMBO, Dec 18 (Reuters) - Sri Lanka is unconcerned about the Adani Group's dealings with other countries and only focused on its $1 billion worth of projects in the island nation, President Anura Kumara Dissanyake told Indian media during an official visit to Delhi this week.

Dissanayake was on his first state trip to Sri Lanka's powerful neighbour after winning the presidency in September and securing a landslide parliamentary election victory last month.

Sri Lanka is "concerned about our investments, our development," he told The Economic Times in an interview published on Wednesday.

"We will be looking at how they have worked in our country. If they have worked in a manner that suits us, fits our initiatives, we don't mind working with Adani Group."

Sri Lanka decided to review two projects worth about $1 billion linked to the Adani Group after U.S. authorities last month accused Adani Group Chairman Gautam Adani and seven others of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.

The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".

India's Adani Green Energy Ltd. ADNA.NS has plans to invest $442 million in two wind power stations in Sri Lanka and Adani Ports APSE.NS. will also fund a $553 million terminal project at the Colombo port.

Dissanayake will be visiting China, the island's biggest bilateral creditor, in January, The Hindu reported.

India extended more than $4 billion in aid to Sri Lanka when the island nation's economy plunged into a severe financial crisis in 2022 and entered into a preliminary debt restructuring agreement, along with other bilateral creditors Japan and China, in July.

(Reporting by Uditha Jayasinghe; Editing by Raju Gopalakrishnan)

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Adds details of joint statement from paragraph 2

NEW DELHI, Dec 16 (Reuters) - India plans to supply liquefied natural gas to Sri Lanka's power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbours, Indian Prime Minister Narendra Modi said on Monday.

Modi was speaking at a joint press briefing with Sri Lankan President Anura Kumara Dissanayake in New Delhi.

Dissanayake is on his first official visit to Sri Lanka's powerful neighbour after winning the presidency in September and securing a landslide parliamentary election victory last month.

Indian state-run firm Petronet LNG PLNG.NS has signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo for five years through its terminal in the southern Indian city of Kochi.

Both sides also discussed a plan to connect power grids and lay a multi-product petroleum pipeline between the two countries, a joint statement from the Indian External Affairs Ministry said.

The two countries also agreed to jointly develop offshore wind power potential in the Palk Straits, an area where India's Adani Green Energy Ltd. ADNA.NS already has plans to invest $442 million in two wind power stations.

Sri Lanka is reviewing the wind power project along with a $553 million terminal project at the Colombo port also linked to Adani Ports APSE.NS. But it was unclear if the projects were discussed during the meeting between Modi and Dissanayake.

Last month, U.S. authorities accused Adani Group Chairman Gautam Adani and seven others of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.

The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".

India extended more than $4 billion in aid to Sri Lanka when the island nation's economy plunged into a severe financial crisis in 2022 and entered into a preliminary debt restructuring agreement, along with other bilateral creditors Japan and China, in July.

The two countries will now finalise discussions on the bilateral memorandum of understanding needed to complete the debt restructuring process, the joint statement added.

(Reporting by Shanima A in Mumbai and Shivam Patel in New Delhi; Editing by YP Rajesh)

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Dec 10 (Reuters) - India's Adani Ports and Special Economic Zone Ltd APSE.NS said on Tuesday it would finance its Colombo port terminal project through internal accruals and capital management plan, withdrawing its request for funding from the U.S. International Development Finance Corp (DFC).

DFC last year said it would provide $553 million in financing for the port terminal project, which is partly owned by the Adani Group.

(Reporting by Nilutpal Timsina in Bengaluru; Editing by Alan Barona)

(([email protected]; +91 86382 04706))

Recasts, adds detail on Rajasthan event, background on U.S. indictments

Dec 9 (Reuters) - India's Adani Group will invest over 7.5 trillion rupees ($88.5 billion) in the northwestern state of Rajasthan, a top executive said on Monday, marking the group's first major investment since the U.S. indictment of its billionaire founder.

The announcement, at an event in Jaipur city attended by Prime Minister Narendra Modi, comes less than a month after U.S. authorities accused founder Gautam Adani and some top executives of being part of a scheme to pay bribes worth $265 million to secure Indian power supply contracts.

The group has called the charges "baseless".

The indictment has sparked political wrangling in India as many opposition parties accuse Modi and his Bharatiya Janata Party (BJP) of favouring Adani and blocking investigations against him in India, allegations both have denied.

Modi's BJP has said it had no reason to defend Adani and that the law will take its course.

The allegations have raised concerns among some partners and investors of the group, with at least one Indian state reviewing its power deal with Adani, and TotalEnergies TTEF.PA halting further investments in the conglomerate.

However, Adani's finance chief said last month that the group's investment plans remained on track.

The latest investments - valued at more than half of the group's $159 billion valuation - will be made in sectors including renewable energy, cement and logistics, said Karan Adani, managing director of Adani Ports APSE.NS.

Over 50% of the investments will be made over the next five years, Adani added.

Adani plans to set up four new cement plants to build additional capacity of six million metric tons per annum.

The group also plans to build the world's biggest integrated green energy ecosystem involving 100 gigawatts (GW) of renewable energy, two million tonnes of hydrogen and 1.8 GW of pumped hydro storage, Adani added.

The group's clean energy arm Adani Green ADNA.NS is already building an energy park in the western state of Gujarat with a production capacity of 50 GW by 2030.

($1 = 84.7200 Indian rupees)

(Reporting by Sethuraman NR. Editing by Janane Venkatraman and Mark Potter)

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Dec 3 (Reuters) - Several entities linked to the Adani Group have approached the India markets regulator to seek a settlement in a case that accuses them of violating public shareholding regulations through improper practices at four of the conglomerate's listed companies, the Economic Times reported on Tuesday.

Adani Group did not immediately respond to Reuters inquiry, seeking comments.

(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza)

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Dec 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• APSEZ HANDLES 36 MMT OF CARGO IN NOV’24

Source text: ID:nBSEbhBtgv

Further company coverage: APSE.NS

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NEW DELHI, Nov 29 (Reuters) - The lower house of India's parliament was suspended temporarily on Friday for a fourth day in a row this week following disruptions as opposition lawmakers sought a discussion on the allegations against Adani Group.

U.S. authorities last week accused Group Chairman Gautam Adani and seven others from the company of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.

The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".

(Reporting by Sakshi Dayal; Editing by Kim Coghill)

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Adds quote, details, background, paragraphs 3-6

By Rishika Sadam

HYDERABAD, India, Nov 28 (Reuters) - Israel wants India's Adani Group to continue to invest in the country, Israel's envoy to India said on Thursday, affirming the nation's support for the ports-to-media conglomerate whose billionaire founder is facing bribery allegations in the United States.

"We wish Adani and all Indian companies continue to invest in Israel," Ambassador Reuven Azar said in an interview with Reuters, adding that allegations by U.S. authorities were "not something that's problematic" from Israel's point of view.

The Adani Group holds a 70% stake in Haifa port in northern Israel and is involved in multiple other projects with firms in the country, including to produce military drones and plans for the manufacture of commercial semiconductors.

U.S. authorities last week accused Gautam Adani, his nephew, and Adani Green's ADNA.NS managing director of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts and misleading U.S. investors during fund raising efforts there.

Adani Group has denied all the accusations, calling them "baseless".

Still, shares and bonds of Adani companies were hammered last week and some partners began to review joint projects.

"I am sure Adani Group will resolve its problems," Azar said on the sidelines of an event in the southern city of Hyderabad.

(Reporting by Rishika Sadam; Writing by Shivam Patel; Editing by Jacqueline Wong, Kirsten Donovan)

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Corrects third paragraph and 'Quote of the Week' section to state that Maharashtra election was 'provincial', not 'provisional'

26 Nov - By Ira Dugal, Editor Financial News, with global Reuters staff.

Greetings from Mumbai!

This week on the India File, we focus on allegations against Adani group founder Gautam Adani. Does this latest crisis create new risks for India's economy? I'd be interested in your views. Please write to me at [email protected].

Meanwhile, the rupee has been tumbling from one record low to the next, prompting more aggressive measures to keep the currency stable. More on that in "Market Matters".

And the ruling Bharatiya Janata Party wins a landslide victory in provincial elections in the pivotal state of Maharashtra, strengthening its political position.

THIS WEEK IN ASIA

** 'No one will win a trade war,' China says after Trump tariff threat

** Japan plans $90 billion spending in new stimulus package, document shows

** IMF approves third review of Sri Lanka's $2.9 billion bailout ** Australia dumps plan for fines for social media giants enabling misinformation

INDIA AND THE ADANI CRISIS

Billionaire Gautam Adani and the sprawling Adani group are facing another crisis less than two years after they were targeted by U.S. short seller Hindenburg Research, which knocked $150 billion in market value from the group's listed companies.

The allegations this time came from U.S. prosecutors, who indicted Gautam Adani for his alleged role in a $265 million bribery scheme that aimed to secure solar power approvals from Indian officials. The group has denied any wrongdoing.

Read here to know more about the allegations, the defendants in the case and suspected disclosure lapses on the part of the Adani group.

With Gautam Adani himself at the centre of the latest allegations, the entire group faces "key man" concerns. Adani's dominance in the domestic infrastructure sector, moreover, has put India's government and lenders in a tough spot, Reuters BreakingViews columnists wrote.

A top risk for India is what may happen to the group's funding. Global bankers have turned cautious since the indictment and S&P said funding access could be impaired and borrowing costs pushed higher.

French oil major TotalEnergies, with shareholdings in Adani Green and Adani Total Gas, has paused fresh funding to the group.

While Indian banks' exposure to the group is currently at comfortable levels, they too are limited by regulations that cap exposure to any single corporate group.

Hasnain Malik, emerging market equity strategist at research firm Tellimer Insights, sees other potential problems as well.

"The case may pose a risk to foreign investor appetite for Indian assets," he said, noting there had already been a sharp drop in foreign flows into Indian equities this year. What's more, he said, the indictment could give leverage to the incoming Trump administration in trade negotiations.

TOO BIG TO IGNORE?

As Gautam Adani led the Adani group's phenomenal rise, the first-generation entrepreneur also led it into a number of controversies, including opposition from climate activists to its Carmichael coal mine in Australia and a political outcry over the Dharavi slum redevelopment project in Mumbai.

For years, a number of Indian economists have also warned about the concentration of economic power in the hands of a few industrial houses.

Back in 2021, India's former chief economic adviser Arvind Subramaniam and former IMF representative to India Josh Felman called out the Narendra Modi government's strategy of creating national champions, including the Adani and Ambani groups, which could crowd out potential growth for other companies.

But that did not slow the champions' advance.

The Adani group has cornered large market shares in key infrastructure segments - from ports and airports, where it controls close to a quarter of India's capacity, to solar manufacturing, where it holds a 53% share of India's installed photovoltaic cell capacity.

It plans to invest $90 billion more in infrastructure expansion over the next decade, Jefferies said in a report earlier this year. That would make it one of the largest private-sector players in the sector, which has taken off as the world's fifth-biggest economy rushes to catch up with China and others. The private sector has contributed about one-fifth of India's infrastructure spending in recent years, while overall infrastructure investment, including government money, was estimated by CRISIL Research to reach $1.8 trillion for 2024-2030.

QUOTE OF THE WEEK

"BJP's resounding win in the Maharashtra elections boosts political stability, a market sentiment positive."

Jefferies analysts on the State of Maharashtra's election results.

Prime Minister Narendra Modi's Bharatiya Janata Party won by a landslide in provincial elections in India's richest state.

Since the BJP lost its majority in parliamentary elections in June, it has focused on key state elections, winning both the farm-heavy northern state of Haryana last month and now Maharashtra, home to the financial capital Mumbai.

MARKET MATTERS

The Indian rupee has tumbled from one record low to the next over the past month, pressured by a strengthening dollar and persistent outflows of foreign investors' money.

Still, the rupee has performed better than its Asian peers as the Reserve Bank of India has stepped in to sell dollars and slow the decline. This in turn has eroded its forex reserves, which saw the sharpest decline on record in the week ended Nov. 15.

The RBI has taken its intervention to a new level, however, as it confronted persistent outflows both before and after the Adani indictment. In a rare move, the RBI also asked banks to cut their long dollar-rupee positions.

($1 = 84.4260 Indian rupees)

(By Ira Dugal; Editing by Edmund Klamann)

Nov 26 (Reuters) - Ratings agency Moody's said on Tuesday that it had cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable,' citing the U.S. indictment of Chairman Gautam Adani and others on alleged bribery charges, which could likely weaken the group's access to funding and increase its capital costs.

Moody's also affirmed the ratings on all seven entities, which include Adani Ports and Special Economic Zone Limited APSE.NS and two limited restricted groups of Adani Green Energy ADNA.NS.

(Reporting by Bipasha Dey in Bengaluru; Editing by Abinaya Vijayaraghavan)

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Adds detail on bank exposure and comments from MAS, Adani debt levels, analyst, updates stock prices; paragraphs 6-14

By Tom Westbrook and Yantoultra Ngui

SINGAPORE/SYDNEY, Nov 25 (Reuters) - Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities

The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in bribes to Indian government officials.

The charges related to alleged payments to obtain contracts that could yield $2 billion of profit over 20 years as well as to develop India's largest solar power project.

The charges also included making misleading statements to the public despite being made aware of the U.S. investigation in 2023.

The Adani Group has said the accusations as well as those levelled by the U.S. Securities and Exchange Commission in a parallel civil case are baseless and that it will seek "all possible legal recourse".

Banks and regulators have been reviewing exposure to the ports-to-power conglomerate in the wake of the charges.

The Singapore banking sector's overall exposure to the Adani Group, is small, the Monetary Authority of Singapore said on Monday.

"Banks have in place measures to review and manage their exposures to borrowers and counterparties," an MAS spokesperson said in a statement.

DBS Group DBSM.SI, Singapore's biggest bank by assets, had said in early 2023 that its exposure to the Adani Group was S$1.3 billion ($967 million). DBS declined comment in response to request from Reuters.

Some global banks are considering temporarily halting fresh credit to the company after the U.S. indictment but maintaining existing loans, according to several bankers spoken to by Reuters, raising questions about its access to future funding.

"In the near term, the U.S indictment is likely to constrain the group’s access to financing, particularly in the offshore market," a Lucror Analytics note published on Smartkarma said.

Cash balances of Adani portfolio companies stood at $6.33 billion as of first half of the current fiscal year ending March 2025, the company said.

The cash balances exceed long term debt repayments for next 28 months, Adani said in a presentation on the credit and financial performance of its group companies, which it regularly shares after its quarterly results.

The crisis is the second in two years to hit the Adani group, which was last year accused by short seller Hindenburg Research of improperly using offshore tax havens. The company denied those claims.

In Asian trade on Monday, some of the most liquid debts, issued by Adani Ports and Special Economic Zone APSE.NS fell between 1 cent and 2 cents, with similar selling in Adani Transmission debt.

Ports bonds maturing in 2027 USY00130VS35=TE were down 1.6 cent to 88.98 cents on the dollar, having lost nearly 7 cents in face value since U.S. prosecutors issued the charges last week.

Longer-dated Ports bonds USY00130YV37=TE, US00652MAJ18=TE were down on Monday and have lost between 8 cents and 10 cents in face value on the news.

Adani Transmission US00652XAB47=TE debt maturing in May 2036 fell 1.8 cent on Monday for a loss of more than 7 cents since Wednesday.

Adani group's 10 listed stocks led by Adani Enterprises ADEL.NS lost $27.9 billion in market value over two sessions last week after the U.S. charges.

The stocks regained some lost ground on Monday, as Adani Energy Solutions ADAI.NS rose 6%, while Adani Green Energy ADNA.NS rose 4% in early trade.

(Reporting by Tom Westbrook and Yantoultra Ngui in Singapore; additional reporting Sethuraman NR. Writing by Scott Murdoch in Sydney; Editing by Jacqueline Wong and Lincoln Feast.)

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Recasts with sourcing from U.S. agency; adds comment from agency

Nov 24 (Reuters) - A U.S. agency said on Sunday that it is reviewing the impact of Department of Justice bribery allegations against the founder of India's Adani Group on the agency's prior agreement to lend more than $550 million to a Sri Lankan port development backed by the group.

The U.S. International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly owned by the Adani Group.

Federal prosecutors in New York on Wednesday announced that Gautam Adani, the billionaire founder of the Adani Group, and seven other individuals had been indicted on charges of paying about $265 billion in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

"DFC is aware of the recent allegations related to Adani and is actively assessing the ramifications in light of the recent DOJ announcement," an official with the development agency said in a statement.

"We are committed to ensuring that our projects and partners uphold the highest standards of integrity and compliance," the official said.

The agency said that no funds have yet been disbursed under the loan commitment.

Bloomberg News first reported the news on the DFC on Sunday.

The Adani Group did not immediately respond to requests for comment outside regular business hours on Sunday.

The Adani Group has said the Justice Department accusations as well as those leveled by the U.S. Securities and Exchange Commission in a parallel civil case are "baseless and denied" and said it will seek "all possible legal recourse."

(Reporting by Gursimran Kaur and Disha Mishra in Bengaluru; Editing by Paul Simao and Leslie Adler)

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Nov 22 (Reuters) - S&P Global Ratings lowered its outlook on three Adani Group entities to negative from stable on Friday, citing risks to funding access following a U.S. indictment of the conglomerate's billionaire founder, Gautam Adani, on bribery charges.

Adani and seven other people, including his nephew Sagar, were indicted on Thursday for fraud by U.S. prosecutors for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.

Adani Group has said the accusations levelled by U.S. federal prosecutors, as well as those by the U.S. Securities and Exchange Commission in a parallel civil case, are "baseless and denied" and that it will seek "all possible legal recourse."

The U.S. indictment could affect investor confidence in other Adani Group entities, as the founder sits on the boards of other companies within the group, potentially impairing their access to funding and increasing their funding costs, S&P said in a note.

"The group will need regular access to both equity and debt markets given its large growth plans, in addition to its regular refinancing. We believe domestic, as well as some international banks and bond market investors, look at Adani entities as a group, and could set group limits on their exposure," S&P said.

Bonds and most stocks of the Adani Group dropped for a second session on Friday after the indictment.

(Reporting by Manvi Pant in Bengaluru; Editing by Abinaya Vijayaraghavan)

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Nov 21 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• ADANI GROUP: ALLEGATIONS MADE BY US DEPARTMENT OF JUSTICE, US SECURITIES AND EXCHANGE COMMISSION AGAINST DIRECTORS OF ADANI GREEN BASELESS, DENIED

• ADANI GROUP: ALL POSSIBLE LEGAL RECOURSE WILL BE SOUGHT

• ADANI GROUP REACTS TO US INDICTMENT, SAYS COMMITTED TO MAINTAINING THE HIGHEST STANDARDS OF GOVERNANCE

• ADANI GROUP: ASSURE OUR STAKEHOLDERS, PARTNERS AND EMPLOYEES THAT WE ARE A LAW-ABIDING ORGANISATION, FULLY COMPLIANT WITH ALL LAWS

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