The Adani Group, which is headed by billionaire Gautam Adani and exports coal from the Carmichael mine, intends to raise up to $400 million in debt against a significant Australian coal port facility, according to a story in the Economic Times on Monday.

Having seen its $236 billion infrastructure empire shrink by more than three-fifths in a month, the conglomerate led by billionaire Gautam Adani is in talks with international credit funds.

The article states that the North Queensland Export Terminal (NQXT), which is owned by the Adani family trust, is being explored as a potential source of funding for the organisation.

According to the article, Adani has started conversations with several significant large high-yield global credit funds and has already received two indicative term sheets from potential lenders, including the hedge fund Farallon Capital.

According to a recent Reuters story, Australia’s corporate regulator announced that it will examine a short-seller report that raised a variety of issues with the Adani Group.

Adani is a company based in Australia that also runs a solar farm, the Carmichael coal mine, an associated rail connection, and the North Queensland Export Terminal, a significant port for exporting coal from Queensland.

In the meantime, the Adani Group is beginning a charm offensive with fixed-income investors in Asia as of right now in an effort to regain the trust of debt investors following the fallout from the accusations of accounting fraud and stock manipulation made by US-based shortseller Hindenburg Research.

The investor meetings are being hosted by over a dozen international banks today at the Capitol Kempinski hotel in Singapore. After that, the group will attend discussions at the Barclays Plc office in Hong Kong tomorrow and Wednesday. Group Chief Financial Officer Jugeshinder Singh and Corporate Finance Head Anupam Misra are expected to attend.

All of the Adani group’s equities were trading in the red on Monday, with the exception of Adani Ports. Adani Green has experienced a 5% decline in sales.