Adani Group is in conversation with global credit funds to seek up to $400 million in loans against some of its properties in Australia, as the group's shares are continuously decreasing.

From ports to power operator, the Indian conglomerate operates the Carmichael coal mine, North Queensland Export Terminal (NXQT), along with a solar farm in Australia.

The major port, NXQT, is controlled by the Adani family trust for Queensland coal exports and is now considering raising funds to pay off promoter debt.

As of Monday, the group led by billionaire Gautam Adani has wiped off about $147 billion in market value after Hindenburg Research accused it of illicit use of offshore tax havens and stock manipulation on January 24.

The group has denied all allegations of wrongdoing.

Adani Enterprises, a flagship firm of the Adani Group, fell as much as 8.5% on Monday and has lost nearly 65% since the Hindenburg report.

Earlier this month, Australia's corporate regulator said it would review the report, which raised various concerns about the group led by billionaire Gautam.

The Indian group is in discussions with several significant high-yielding global credit funds and has so far received two indicative term sheets from potential lenders, including hedge fund Farallon Capital Management.

However, Farallon Capital refused to comment.

Meanwhile,  Gautam Adani is holding fixed-income campaigns in Asia this week as the conglomerate tries to boost investor confidence.