The Adani Group plans to raise another $3 billion to $4 billion over the next six months after mobilising Rs 43,500 crore through equity fundraising in the past nine months.

The planned fundraising comes after a period of sustained capital-raising activity across the group, with Adani Green, Adani Ports and Adani Enterprises expected to lead the next round. The fresh capital plans also come alongside rising domestic institutional exposure: domestic mutual funds have increased their holdings in key Adani companies to a record Rs 1 lakh crore.

For investors and market watchers, the scale and timing of the group’s fundraising is significant because it points to continued access to equity markets and domestic savings channels even as the group keeps expanding its capital base. The next six months will be closely watched for which businesses tap the market, how much is raised at each step, and how that fits into the group’s broader financing plans.