India’s Adani Energy Solutions may launch another ​share sale for institutional investors by early next fiscal ‌year, after securing 35 billion rupees (about $367 million) in ​a similar fundraise this week, two ⁠sources familiar with the matter said on Thursday (July 30, 2026).

Companies belonging to billionaire Gautam Adani’s ports-to-power conglomerate have raised about $4.75 billion ‌over the last eight months through QIPs and rights issues to fund expansion and reduce ‌debt.

The group’s flagship, Adani Enterprises, raised $1.58 ‌billion ⁠via a QIP earlier this month and $2.8 ⁠billion through a rights issue. Another group company, Adani Power, plans to raise up to $1.57 billion through a QIP.

This ​marks the biggest capital ‌raise from the group since a short seller’s allegations roiled its shares in 2023.

Adani Energy Solutions has shareholder approval to raise up to 100 ‌billion rupees through shares in one ​or more tranches.

If market conditions remain favourable, the company may go for the entire ⁠remaining quantum in the next tranche, the sources said.

“After such a strong response, the company may tap ‌the QIP market again towards the end of this financial year or early next FY,” one of the sources said.

India’s fiscal year runs April through March.

The sources requested anonymity as they are not authorised to speak to media. Adani ‌Energy Solutions did not reply to a Reuters email seeking comment.

Mutual ​funds and insurance companies were the biggest buyers of Adani Energy Solutions’ shares ⁠in this week’s fundraise, according to a company statement, with ⁠the firm receiving offers totalling three times its target.

Shares of the firm, which is ‌the largest private sector power transmission company in India, have jumped more than 60% so far ​in 2026.