ADANIPORTS

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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May 1 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:

• ADANI PORTS SEES FY26 REVENUE 360-380 BILLION RUPEES

• ADANI PORTS SEES FY26 CAPEX 110-120 BLN RUPEES

• ADANI PORTS SEES FY26 EBITDA 210-220 BLN RUPEES

Source text: [ID:]

Further company coverage: APSE.NS

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April 17 (Reuters) - Indian billionaire Gautam Adani will transfer ownership of an Australian port terminal to Adani Ports & Special Economic Zone APSE.NS in a deal worth about $2.4 billion as the India's largest private port operator aims to grow its global presence, Bloomberg News reported on Thursday.

Adani Ports will issue preferential shares to an entity controlled by the Adani family to buy the North Queensland Export Terminal, the report said, citing people with knowledge of the matter.

North Queensland Export Terminal, which is a deep-water coal export terminal, was purchased by Adani Ports in 2011 before it was sold to the family in 2013 in a $2 billion deal, according to the report.

Adani Ports did not immediately respond to a Reuters request for comment.

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

• ADANI PORTS - FY25 EBITDA GUIDANCE INCREASED TO 188-189 BILLION RUPEES

• ADANI PORTS SEES FY25 CAPEX 105-115 BILLION RUPEES

• ADANI PORTS- MANAGEMENT BELIEVES BALANCE OF TWO SEBI INVESTIGATIONS HAVE BEEN CONCLUDED

• ADANI PORTS - SEES FY25 REVENUE AT 290-310 BLN RUPEES

• ADANI PORTS - SEES FY25 CARGO AT 460-480 MMT

Source text: ID:nBSEc421Kk

Further company coverage: APSE.NS

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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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Adds details, background from paragraph 3 onwards

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 a 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.

The company, however, said the Colombo West International Terminal project is progressing well and is on track for commissioning by early 2025.

DFC did not immediately respond to a Reuters request for comment.

Ports-to-edible oils Adani Group, controlled by Indian billionaire Gautam Adani, holds a 51% stake in the west container terminal of the port, which also has a terminal run by China Merchants Port Holdings Co Ltd 0144.HK.

Sri Lankan conglomerate John Keells Holdings owns 34% of the terminal and the rest is held by the state-run Sri Lanka Ports Authority.

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".

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

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Dec 9 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI PORTS MD KARAN ADANI: ADANI GROUP PLANS TO INVEST 7.5 TRLN RUPEES ACROSS SECTORS IN RAJASTHAN

• ADANI PORTS MD KARAN ADANI: OVER 50% OF 7.5 TRLN RUPEES WILL BE INVESTED IN RAJASTHAN OVER NEXT 5 YRS

• ADANI PORTS MD KARAN ADANI: TO BUILD GREEN ENERGY ECOSYSTEM INVOLVING 100 GW OF CLEAN ENERGY IN RAJASTHAN

• ADANI PORTS MD KARAN ADANI: TO SET UP 4 NEW CEMENT PLANTS IN RAJASTHAN

Source text: [ID:]

Further company coverage: ADEL.NS

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Adds details, background

Dec 3 (Reuters) - Several entities linked to the Adani Group have approached the India markets regulator seeking to settle a case that accuses them of violating public shareholding regulations at some listed companies, the Economic Times reported on Tuesday.

The Securities and Exchange Board Of India (SEBI) had sent notices to Adani Enterprises ADEL.NS, the group's flagship company, as well as Adani Power ADAN.NS, Adani Ports APSE.NS and Adani Energy ADAI.NS alleging they had wrongfully categorised the shareholding of certain entities.

The groups' breaches of a minimum public shareholding requirement date back to 2020 and the SEBI had sought to recover about 25 billion rupees ($295 million) from the entities, ET said.

Adani Enterprises and one of its directors, Vinay Prakash, as well as an Ambuja Cements ABUJ.NS director, Ameet Desai, have proposed a settlement, ET reported.

Another proposal for a 2.8-million-rupees ($33,035) settlement is from Emerging India Focus Funds (EIFF), a Mauritius-based foreign portfolio investor that the SEBI says is linked to Vinod Adani, brother of Adani Group Chairman Gautam Adani, ET said.

The report did not have information regarding other settlement applications.

The proposals were submitted last week in response to a show-cause notice issued by the SEBI on Sept. 27 to about 30 Adani Group entities, the newspaper reported.

The entities have contested the charges in response to the notice and the settlement application is only a precautionary measure, ET added, citing a source.

The Adani Group did not immediately respond to a Reuters request for comment.

Last month, U.S. authorities accused Gautam Adani and some top executives in the Adani Group of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts and of misleading U.S. investors during fund raises there, charges the group has called "baseless".

($1 = 84.7580 Indian rupees)

(Reporting by Anuran Sadhu and Sethuraman NR 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 quotes, background

NEW DELHI, Nov 28 (Reuters) - Both houses of Indian parliament were suspended temporarily on Thursday within minutes of opening as opposition lawmakers disrupted proceedings for the third day this week seeking a discussion on allegations against the Adani Group.

U.S. authorities have accused Gautam Adani, his nephew Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.

"We want a discussion on this in parliament. It is going to be the third day that we are demanding a reply from the prime minister" on the Adani issue, Manickam Tagore, a lawmaker from the main opposition Congress party, which has been leading the protests against the business group, told news agency ANI.

Many of India's opposition parties accuse Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) of favouring Adani and blocking investigations against him in India, accusations both have denied.

Congress leader Rahul Gandhi, who has been a vocal critic of Adani, said Gautam Adani, 62, should be arrested.

While the government has not made any comment on the indictment, Modi's BJP has said it had no reason to defend Adani, adding that the party was not against industrialists and considered them partners in nation-building efforts.

"Let him defend himself," BJP spokesperson Gopal Krishna Agarwal said on Tuesday, adding that the law would take its course.

(Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh)

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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) -

• EXCLUSIVE-INDIA'S ANDHRA PRADESH STATE LIKELY TO PUT POWER PURCHASE DEAL LINKED TO ADANI GROUP "IN ABEYANCE CITING U.S. INDICTMENT" OF GAUTAM ADANI - STATE GOVERNMENT SOURCES

• EXCLUSIVE-INDIA'S ANDHRA PRADESH STATE WILL ASK FEDERAL GOVERNMENT SOLAR BODY AND GOVERNMENT TO INVESTIGATE THE MATTER - GOVERNMENT SOURCES

Further company coverage: ADAN.NS

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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) - Shares of Adani Group companies fell sharply on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises ADEL.NS fell 10% in pre-open trade, while Adani Ports APSE.NS, Adani Total Gas ADAG.NS, Adani Green ADNA.NS, Adani Power ADAN.NS, Adani Wilmar ADAW.NS and Adani Energy Solutions ADAI.NS, ACC ACC.NS, Ambuja Cements ABUJ.NS and NDTV NDTV.NS fell between 7% and 18%.

U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million 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.

Adani did not immediately respond to Reuters' requests for comment.

($1 = 84.4000 Indian rupees)

(Reporting by Sethuraman NR; Editing by Muralikumar Anantharaman)

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Oct 29 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS missed second-quarter profit estimates on Tuesday, hurt by a slowdown in commercial activity in the world's fifth-largest economy.

The country's largest private port operator by volumes reported a consolidated net profit of 24.45 billion rupees ($291 million) for the July-September period, but it came below analysts' average estimate of 25.98 billion rupees, according to LSEG data.

($1 = 84.0750 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sumana Nandy)

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

• COMPLETION OF ACQUISITION OF 80% STAKE IN ASTRO OFFSHORE GROUP

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Further company coverage: APSE.NS

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

• ADANI PORTS - RORIX HOLDINGS AND ADANIPORTS SIGN MEMORANDUM OF UNDERSTANDING

• ADANI PORTS - RORIX HOLDINGS AND ADANI PORTS SIGN MEMORANDUM OF UNDERSTANDING

• ADANI PORTS - PARTNERSHIP TO INTEGRATE ADVANCED TECH INTO LOGISTICS, TRADING PLATFORMS

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Further company coverage: APSE.NS

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