DBS CEO Says Not Concerned About $976 Million Adani Exposure
- DBS’ bulk of Adani exposure from cement deal M&A financing
- Adani has solid cashflows, isn’t concerned on exposure: CEO
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DBS Group Holdings Ltd. has about a S$1.3 billion ($976 million) exposure to Adani Group, of which S$1 billion is from a cement firm acquisition financing and the remaining S$300 million is from other Adani firms, its Chief Executive Officer Piyush Gupta said at a briefing Monday.
Singapore’s biggest lender has no exposure to Adani’s share issues, Gupta said. He added the company has solid cashflows, and he isn’t concerned about the lender’s exposure to the Adani Group as these cashflows are ringfenced.