DBS Outlines $1 Billion of Adani-Linked Exposure

Singapore’s DBS outlined the bank's exposure to the Adani Group which totalled around $1 billion.

DBS currently has exposure to two areas linked to the Adani Group released to M&A financing, according to CEO Piyush Gupta during a briefing of the bank’s annual results attended by finews.asia.

This includes M&A financing of S$1 billion ($750 million) to cement companies, alongside S$300 million to a range of other companies. 

Cash Flow

According to Gupta, Adani Group's cement firm is financially healthy with no debt and solid generation of cash. Similarly, the other companies related to M&A financing at DBS are also operating well with secure cash flow thus far.

The bank noted that it had no exposure to Adani shares or promoter financing for the group.