SIGN UP for our newsletter ✉️ :

Get the latest stories delivered straight to you

Adani rebuffs report of fundraising against Aust assets

India's Adani Group has denied a media report claiming the conglomerate is in talks with global credit funds to raise up to $US400 million ($A596 million) in debt against some of its Australian assets, calling it "totally false and untrue".

The Indian ports-to-power group operates the Carmichael coalmine, the North Queensland Export Terminal (NQXT), as well as a solar farm in Australia.

The NQXT, a major port for Queensland coal exports controlled by the Adani family trust, was being considered to raise funds to repay promoter debt, the Economic Times reported, citing sources aware of the fundraising.

A spokesperson for Adani Group denied the report in an email to Reuters on Monday, without giving any other details.

As of Monday, the conglomerate led by billionaire Gautam Adani has seen about $US147 billion wiped off its market value after Hindenburg Research accused it on January 24 of improper use of offshore tax havens and stock manipulation.

The group has rejected all allegations of wrongdoing.

Adani Enterprises, the flagship firm of Adani group, closed down 9.3 per cent on Monday and has lost about 65 per cent since the Hindenburg report.

Australia's corporate regulator earlier this month said it would review the report that has flagged a wide range of concerns about the group led by billionaire Gautam Adani.

The Indian conglomerate is in discussions with several large high-yield global credit funds and has so far received two indicative term sheets from potential lenders which include hedge fund Farallon Capital Management, ET reported.

Farallon Capital declined to comment.

Meanwhile, Adani is holding fixed-income roadshows this week in Asia, as the conglomerate tries to shore up investor confidence.