ADANIPORTS

Adds details from filing, related criminal case, background, paragraphs 4-11

By Jonathan Stempel

NEW YORK, April 7 (Reuters) - Gautam Adani, India's second richest person, will ask a U.S. judge to dismiss the Securities and Exchange Commission's civil fraud case stemming from an alleged bribery scheme, his lawyers said on Tuesday.

Adani and his nephew Sagar Adani were charged by the SEC in November 2024 with orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy ADNA.NS, where both men are executives and directors.

The securities fraud case is tied to Adani Green's alleged failure to disclose the scheme in documents for a $750 million bond offering in 2021.

In a filing in the Brooklyn, New York federal court, the Adanis' lawyers said their clients disputed there was any credible evidence supporting the alleged bribery scheme.

The lawyers said the Adanis' lack of involvement in the offering, and the absence of any intent to defraud or negligence, supported a dismissal.

They also called the SEC claims "impermissibly extraterritorial," reflecting how the Adanis and all alleged misconduct were in India, and the bonds were never traded on a U.S. exchange.

The SEC had no immediate comment. Lawyers for the Adanis said they will formally seek a dismissal by April 30.

U.S. prosecutors filed a related criminal case in November 2024 against the Adanis and several other defendants. There have been no public developments in that case since December 2024. A spokesman for the U.S. Attorney's office in Brooklyn declined to comment.

Gautam Adani, 63, founded and chairs the conglomerate Adani Group, and is chairman of Adani Green.

He is worth about $60.6 billion, ranking 30th worldwide according to Forbes magazine.

Mukesh Ambani, chairman of the conglomerate Reliance Industries RELI.NS, is India's richest person, worth about $91.4 billion and ranking 20th worldwide, Forbes said.

(Reporting by Jonathan Stempel in New York
Editing by Tomasz Janowski and Bill Berkrot)

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

• ADANI PORTS - CROSSES 500 MMT CARGO MILESTONE IN FY26

• ADANI PORTS - HAIFA PORT DELIVERED 0.77 MMT IN MAR'26

• ADANI PORTS - DURING MAR'26, APSEZ HANDLED ITS HIGHEST EVER MONTHLY CARGO VOLUME AT 46 MMT , UP 11% YOY

Source text: ID:nBSE2jSpr4

Further company coverage: APSE.NS

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April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT

Source text: [ID:]

Further company coverage: ABUJ.NS

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

• APSEZ SETS UP INDIA'S FIRST PORT OF REFUGE TO BOOST MARITIME SAFETY

• APSEZ WILL DESIGNATE TWO SITES AS POR: DIGHI PORT ON WEST COAST, GOPALPUR PORT ON EAST COAST

Source text: ID:nBSE59Sfbt

Further company coverage: APSE.NS

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March 19 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS- TO BE ONE OF THE ENTITIES FOR INSOLVENCY RESOLUTION PLAN OF JAIPRAKASH ASSOCIATES LIMITED

Source text: ID:nBSE15JbFl

Further company coverage: APSE.NS

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March 18 (Reuters) -

• ADANI GROUP: MUNDRA PORT WELCOMED THE INDIAN-FLAGGED VESSELS SHIVALIK, CARRYING 46,000 MT OF LPG, AND JAG LAADKI, CARRYING 80,886 MT OF CRUDE OIL

Source text: https://tinyurl.com/hkzz9yex

Further company coverage: ADEL.NS

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

• ADANI PORTS - HANDLES 42.5 MMT CARGO IN FEB'26, UP 16% YOY

• ADANI PORTS - LOGISTICS RAIL VOLUME DURING FEB'26 STOOD AT 52,101 TEUS

Source text: ID:nBSE9jQk2G

Further company coverage: APSE.NS

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Feb 24 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ASTRO OFFSHORE INCORPORATED SUBSIDIARY ASTRO OFFSHORE ME

Source text: ID:nBSEbw9qSS

Further company coverage: APSE.NS

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MUMBAI, Feb 20 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS accepted bids worth 10 billion rupees ($109.92 million) in a sale of bonds maturing in five years, three bankers said on Friday.

It will pay a coupon of 7.52% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on February 20:

*Size includes base plus greenshoe for some issues

($1 = 90.9760 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

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Feb 18 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS & SEZ AND PORT OF MARSEILLE FOS SIGN STRATEGIC IMEC PARTNERSHIP

• PARTNERSHIP PROPOSES CREATION OF CLUB FOR COORDINATION AMONG KEY PORTS ALONG IMEC ROUTE

Source text: ID:nBSE7p5m1y

Further company coverage: APSE.NS

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Feb 9 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS: APPROVES TENDER OFFER TO BUY FOR CASH UP TO $345.1 MILLION IN PRINCIPAL AMOUNT OF OUTSTANDING 4.0% SENIOR NOTES DUE 2027

• ADANI PORTS: APPROVES TENDER OFFER TO BUY $150 MILLION IN PRINCIPAL AMOUNT OF OUTSTANDING $500 MILLION 3.10% SENIOR NOTES DUE 2031

Source text: ID:nBSE9BP1Zf

Further company coverage: APSE.NS

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Feb 3 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS, reported a higher third-quarter profit on Tuesday, reflecting strong volume growth, and appointed Sreedhar Krishna Menon as its new chief financial officer.

The company, India's largest private port operator by volume, said its consolidated net profit rose 21% to 30.54 billion rupees ($338.02 million) for the quarter ended December 31, up from 25.20 billion rupees a year ago.

($1 = 90.3500 Indian rupees)

(Reporting by Komal Salecha in Bengaluru)

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

• HANDLES 44.8 MMT CARGO IN JANUARY 2026, UP 12% YOY

Source text: ID:nBSE81v2Zh

Further company coverage: APSE.NS

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.

By Jonathan Stempel

NEW YORK, Jan 30 (Reuters) - The U.S. Securities and Exchange Commission has arranged to serve Gautam Adani with a civil fraud lawsuit, allowing the regulator's case against India's second-richest person to proceed.

In a Friday filing in the Brooklyn, New York federal court, the SEC and U.S.-based lawyers for Adani and his nephew Sagar Adani said the lawyers agreed to accept the SEC's legal papers, eliminating the need for U.S. District Judge Nicholas Garaufis to rule on how the defendants should be served.

If the judge approves the resolution, the Adanis will have 90 days to respond to the SEC's complaint, which could include requests for a dismissal.

Robert Giuffra, a lawyer for Gautam Adani, declined to comment. Sean Hecker, a lawyer for Sagar Adani, also declined to comment.

The SEC charged the Adanis in November 2024 with violating U.S. securities law by orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy ADNA.NS, where both are executives and directors.

Both defendants are in India, and the SEC had reported difficulty in serving them with legal papers.

U.S. prosecutors filed a related criminal case in November 2024 against the Adanis and several other defendants. There have been no public developments in that case for more than a year. The SEC's case had been stalled for most of that time.

Gautam Adani, 63, founded and chairs the conglomerate Adani Group. He is worth about $59 billion according to Forbes magazine.

(Reporting by Jonathan Stempel; Editing by Hugh Lawson)

BENGALURU, Jan 23 (Reuters) - India's Adani Green Energy ADNA.NS posted a 99% drop in third‑quarter profit on Friday, as higher finance costs inflated its expenses and offset gains from strong power sales and improved capacity utilisation.

Shares of Adani Group's green arm were down 13.8%.

Group stocks fell 2% to 11% after the U.S. SEC sought court approval to serve summons to Gautam Adani and Sagar Adani by email in a fraud and $265 million bribery case.

For Adani Green, consolidated profit slumped to 50 million rupees ($544,051.88) in the quarter ended December 31, from 4.74 billion rupees a year earlier.

A sharp 27.14% rise in expenses to 29.61 billion rupees and a 35.73% surge in finance costs absorbed most of the company’s topline, even as power sales remained strong.

The company also booked a 1.03 billion rupees from its associates and joint ventures, offering a modest cushion to earnings.

Power consumption in India is expected to rise as the economy expands, requiring an estimated 40% increase in coal‑fired capacity to more than 307 gigawatts by 2035, according to government projections.

The country, which currently meets about a third of its power demand from thermal plants, aims to achieve net‑zero emissions by 2070 and plans to more than double its renewable capacity to 500 gigawatts as part of that effort.

Finance costs for the company include interest on borrowings as well as currency‑related gains and losses on its foreign‑currency loans and the impact of derivative hedges used to manage those exposures.

The renewable energy arm of billionaire Gautam Adani’s group, which operates solar, wind and hybrid assets across India, said revenue from power supply rose 21% to 19.93 billion rupees, helped by 5.6 GW of capacity additions over the past year.

The company said the growth also reflected strong plant performance and the commissioning of new capacity at resource‑rich sites in Khavda, Gujarat, and in Rajasthan.

($1 = 91.9030 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Updates with more details

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Jan 21 (Reuters) - State Bank of India's mutual fund unit has committed to pick up at least 10% of Adani Power's ADAN.NS nearly $820 million rupee-denominated bond issue, likely to be launched later this week, three merchant bankers said on Wednesday.

The mutual fund, India's biggest in terms of assets under management, is acting as one of the anchor investors for the issue, with a commitment of 7.50 billion rupees, the bankers said, requesting anonymity as they are not authorised to speak to the media.

The planned 75 billion-rupee issue would be the group's largest-ever rupee bond sale.

SBI Mutual Fund and Adani Power did not respond to email queries.

Adani Power is looking to raise 28.60 billion rupees through a two-year option and 26.90 billion rupees via a three-year note.

SBI MF will buy 4.50 billion rupees and three billion rupees of these papers as the anchor investor, the bankers said.

The Adani unit will pay a coupon of 8.00% and 8.20% on the two- and three-year bonds, and 8.30% and 8.40% on four- and five-year papers.

The remaining 6.75 billion rupees and 12.75 billion rupees will be raised through four- and five-year papers, respectively, the bankers said.

Trust Investment Advisors, ICICI Bank and Axis Bank are the arrangers for the issue.

The lenders have will also back the issue by providing commitments worth 3.31 billion rupees and 3 billion rupees, respectively, the bankers said.

The banks did not reply to an email seeking comment.

The bonds are rated 'AA' by Crisil and India Ratings, with the coupons set to step up by 25 basis points for every notch rating downgrade.

Earlier this financial year, another group company, Adani Ports and Special Economic Zone APSE.NS, raised 50 billion rupees by placing 15-year bonds directly with Life Insurance Corporation of India LIFI.NS.

($1 = 91.5630 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

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Jan 19 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS - RAJKUMAR BENIWAL RESIGNS AS DIRECTOR OF ADANI PORTS

Source text: ID:nBSE8kVgdW

Further company coverage: APSE.NS

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Jan 15 (Reuters) -

• MOODY'S RATINGS REVISES ADANI PORTS' OUTLOOK TO STABLE; AFFIRMS BAA3 RATINGS

Source text: ID:nMDY8zppj7

Further company coverage: APSE.NS

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

• APSEZ HANDLES 41.9 MMT OF CARGO IN DEC'25

Source text: ID:nBSEB6rTV

Further company coverage: APSE.NS

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Dec 8 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS MD KARAN ADANI: ADANI GROUP SETTING UP 48 MW GREEN DATA CENTER IN TELANGANA STATE WITH INVESTMENT WORTH 25 BILLION RUPEES

Source text: [ID:]

Further company coverage: APSE.NS

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Nov 28 (Reuters) -

• ADANI GROUP CFO: WE ARE NOT RAISING ANY EXTRA FUNDS FOR ACQUISITION OF JAIPRAKASH ASSOCIATES ASSETS

Source text: [ID:]

Further company coverage: ADAG.NS

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Adds details and background from paragraph 3 onwards

Nov 4 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS reported a rise in second-quarter profit on Tuesday, reflecting strong volume growth.

The company, India's largest private port operator by volume, said its consolidated net profit rose 27% to 31.09 billion rupees (about $354 million) in the quarter ended September 30 from a year ago.

Private port operators have benefitted from steady cargo movement to and from the country, driven by robust domestic commercial activity and consumption growth.

The Ahmedabad, Gujarat-based company's revenue from operations grew 30% year-on-year to 91.67 billion rupees.

Its total cargo volumes rose 12% to 124 million metric tonnes. It logged volume growth of 11% in the prior quarter, and 10% in the year-ago period.

Last month, smaller rival JSW Infrastructure JSWN.NS posted a rise in its second-quarter volumes, but profit declined due to a shortfall in its iron ore terminal as export demand for the commodity was low.

($1 = 87.8950 Indian rupees)

(Reporting by Manvi Pant and Urvi Dugar; Editing by Harikrishnan Nair)

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to fix extra spacing in fifth paragraph.

By Shritama Bose

MUMBAI, Sept 19 (Reuters Breakingviews) - Gautam Adani is catching a moment of relief. India's securities regulator cleared the tycoon and units of his $152 billion infrastructure conglomerate of stock manipulation charges raised by a short seller in 2023. However, its fortunes won't improve much so long as U.S. charges hang over the group.

The Securities and Exchange Board of India on Thursday said the transactions involving Adani Enterprises ADEL.NS, Adani Ports APSE.NS and Adani Power ADAN.NS between 2018 and 2023 flagged by Nathan Anderson's now-disbanded firm Hindenburg Research did not violate the rules at the time on related party transactions.

The order closes the loop on a more than two-year-old saga marked by a $150 billion reduction in Adani group companies' market value and muddled by allegations of conflict of interest against former SEBI Chair Madhabi Puri Buch, who left her role in February.

The clean bill of health from the watchdog now led by Tuhin Kanta Pandey hardly changes the group's local standing. Indian mutual funds managing some $850 billion in assets were wary of what they see as the group's opacity and its rapid growth before Hindenburg struck, and remain so: Adani Enterprises stock is about 30% lower than at the start of 2023.

A more potent overhang is the U.S. Justice Department's indictment of the tycoon in a $265 million Indian bribery scheme. The Adani group denies any wrongdoing but the charges have complicated the conglomerate's fundraising prospects. Though BlackRock BLK.N subscribed to bonds an Adani unit issued in April to finance an acquisition, that borrowing came at an increased cost than its past deals.

Non-U.S. banks including Barclays BARC.L and DBS DBSM.SI lent $250 million to Adani's airport and ports units last month, Bloomberg reported citing unnamed people familiar with the transactions. But the U.S. issue stalled Adani's efforts to cut its dependence on Indian banks, which hold 47% of its 2.9 trillion rupees ($32.8 billion) debt. The group has returned to equity markets but only for carefully controlled issuances to institutional investors, not the public.

If anything, its stateside problems are widening. A subsidiary of Adani Enterprises has been named among 43 Indian exporters in a U.S. complaint over dumping of solar exports, a person familiar with the situation told Reuters Breakingviews. Similar investigations into Southeast Asian companies have attracted prohibitively high tariffs.

The resumption of trade talks this week between India and the U.S. may smooth the path for Adani to eventually draw a line under the Justice Department's probe, perhaps through a settlement. Until then, its other victories are superficial.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

The Securities and Exchange Board of India on September 18 dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made by U.S. short-seller Hindenburg Research.

The capital markets regulator began investigating the group's flagship Adani Enterprises and its ports and energy units in 2023 after Hindenburg accused them of using tax havens and failing to disclose transactions between related parties. SEBI officials said in the order that the transactions under review, which were carried out between 2018 and 2023, did not qualify as related party transactions under the rules at the time.

(Editing by Una Galani; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

BENGALURU, Sept 18 (Reuters) - India’s markets regulator on Thursday dismissed allegations of stock manipulation made by U.S. short-seller Hindenburg Research against billionaire Gautam Adani and his group companies, including Adani Ports APSE.NS and Adani Power ADAN.NS .

(Reporting by Nishit Navin; Editing by Tasim Zahid)

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By Krishna N. Das and Uditha Jayasinghe

COLOMBO, Sept 17 (Reuters) - India's Adani Group and its partners are set to double the capacity of a $840 million container terminal in Colombo months ahead of schedule, despite relinquishing $553 million in U.S. funding, an executive at partner firm John Keells Holdings JKH.CM told Reuters.

The deepwater Colombo West International Terminal, located next to a facility run by China Merchants Port Holdings 0144.HK, underscores Sri Lanka's geopolitical significance in the tug-of-war for Indian Ocean influence between New Delhi and Beijing.

Adani opened the first phase of the fully automated terminal in April, making it operational. The second and final phase is underway and expected to be completed by late 2026, three to four months ahead of the February 2027 deadline, said Zafir Hashim, head of transportation at John Keells.

The accelerated timeline, which has not been previously reported, was unexpected in the wake of Sri Lanka's deep financial crisis that brought foreign investment in the country to a virtual standstill.

Once the final phase is complete, the terminal will have the capacity to handle 3.2 million containers annually, Hashim said, boosting the overall throughput of the port in Colombo.

The largest chunk of business flowing through the terminal originates in India.

In December, Adani withdrew its funding request from the U.S. International Development Finance Corp, opting to finance the project through internal accruals and a capital management plan.

The move came after U.S. authorities accused Adani Group Chairman Gautam Adani and others of involvement in a bribery scheme - allegations the group has dismissed as baseless.

"Working with Adani, we really haven't seen anything to worry about," Hashim said at his office in a heritage building in the heart of Colombo.

"And until something is proven, we are partners and there is nothing for us to sort of comment on. They have been a very good partner to work with."

Adani Ports and Special Economic Zone APSE.NS holds a 51% stake in the terminal, John Keells owns 34%, and the Sri Lanka Ports Authority holds the remainder.

Sri Lanka is also exploring further investments from Adani in renewable energy, Energy Minister Kumara Jayakody told Reuters, despite some disagreements earlier this year.

An Adani spokesperson did not respond to a request for comment.

In February, Adani withdrew from two proposed wind power projects worth $1 billion after the newly elected government of President Anura Kumara Dissanayake sought to renegotiate the power purchase rate.

The projects, approved under the previous administration without competitive bidding, faced scrutiny over environmental and transparency concerns.

"Adani pulled out because the government felt the tariff that was offered by them or asked by them was excessive and the government was ready to negotiate," said Arjuna Herath, chair of Sri Lanka’s Board of Investment.

"But Adani was of the view that they could not accept a lower tariff than what they proposed."

Jayakody said Adani later purchased bid documents for two smaller wind projects totalling 100 MW but ultimately did not bid. Still, it was a sign of their renewed interest, he said.

"We have no issues with Adani just because they pulled out," Herath said. "Adani is doing very well in the West Terminal project, and we are very happy."

(Reporting by Krishna N. Das and Uditha Jayasinghe in Colombo; Editing by Saad Sayeed)

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Updates with context, crude oil purchases in paragraphs 2-5

By Nidhi Verma

NEW DELHI, Sept 11 (Reuters) - India's largest private port operator, Adani Group, has banned entry of tankers that are sanctioned by Western countries at all of its ports, three sources said and documents show, a move that could hit Russian oil supplies for two Indian refiners.

Adani did not immediately respond to Reuters requests for comment.

India is the biggest buyer of Russian seaborne oil, mostly shipped on tankers that are sanctioned by the European Union, the United States and Britain.

HPCL-Mittal Energy Ltd, which operates a 226,000-barrels per day Bathinda refinery in northern Punjab state, gets all of its crude supplies at Adani's Mundra Port in western Gujarat state.

The port is also used by Indian Oil Corp IOC.NS, the country's biggest refiner, for oil imports. IOC gets crude supplies for its 10 refineries at multiple ports in India.

The two companies regularly get Russian oil delivered at Mundra Port, according to data obtained from sources and LSEG trade flows.

IOC and HMEL had no immediate comment.

India has a policy to follow only U.N. sanctions, and not unilateral sanctions by any country.

IOC will try to get Russian oil cargoes at other ports, which still allow entry of EU and UK sanctioned-vessels, said a source familiar with IOC's oil purchases.

Adani, which operates 14 ports, has issued multiple orders with similar contents.

"To safeguard the legal and commercial interests of the Port, we hereby emphasize that sanctioned vessels are not accepted," Adani Ports and Logistics said in the orders seen by Reuters.

India, the biggest buyer of seaborne Russian oil, has been tightening surveillance of vessels and transactions involving Russian supplies.

Russian oil is mostly shipped by a shadow fleet, after the U.S., EU and UK imposed a raft of sanctions targeting vessels, traders and companies among others to curb Moscow's oil revenue, its economic lifeline.

The orders said that sanctioned vessels shall not be permitted entry, berthing or use of port services and facilities.

"At the time of nomination, the vessel's agent shall be required to provide written undertaking that the vessel is not subject to sanctions," the orders said.

(Reporting by Nidhi Verma; Editing by Andrea Ricci and Emelia Sithole-Matarise)

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Aug 20 (Reuters) -

• ADANI UNITS RAISE $275 MILLION OFFSHORE DEBT FROM GLOBAL LENDERS- BLOOMBERG NEWS

Source text: https://tinyurl.com/bddshh3m

Further company coverage: ADEL.NS

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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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Adds Adani group comment, background on Haifa port owner in paragraphs 3-5

COPENHAGEN, June 20 (Reuters) - Container shipping company Maersk MAERSKb.CO said on Friday it had temporarily paused vessel calls at Israel's Haifa port, amid the country's escalating conflict with Iran.

The Danish company said it had not experienced any further disruptions to its scheduled operations in the region.

Haifa port, which was privatized in 2022, is owned 70% by India's Adani Ports APSE.NS while the remaining 30% is held by Israel's Gadot Group.

Adani Ports is the ports operating arm of Adani Group, led by billionaire Gautam Adani. Including Haifa port, the company operates four ports outside Indian waters.

A spokesperson for the Adani Group did not immediately respond to Reuters' email and text messages requesting comment.

Israel has been hitting Iran from the air since last Friday in what it describes as an effort to prevent Tehran from developing nuclear weapons. Iran has denied plans to develop such weapons and has retaliated by launching counterstrikes on Israel.

On Thursday, Iran's Revolutionary Guards said it had launched combined missile and drone attacks at military and industrial sites linked to Israel's defence industry in Haifa and Tel Aviv.

(Reporting by Jacob Gronholt-Pedersen and Hritam Mukherjee, writing by Stine Jacobsen, editing by Louise Rasmussen and Toby Chopra)

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