According to people familiar with the situation, the flagship company of Asia's richest man is thinking about issuing at least $1.8 billion in new shares.
The group led by billionaire Gautam Adani is collaborating with advisors on the follow-up issue and could sell the shares soon, according to the people.
They request anonymity because the information is sensitive. One of the individuals predicted that sales may reach $2.4 billion.
According to the sources, the matter will increase the firm's credibility and investor approval while also broadening the shareholder base.
Over the next six months, more research firms are anticipated to cover the company, one of the sources added.
According to figures by Bloomberg, the market value of Adani Enterprises has increased by around 136% so far this year, or about $56.3 billion.
The benchmark S&P BSE Sensex index for India has only increased 5.4% during that time.
Analysts point out that the low relative liquidity of Adani Group shares makes them susceptible to significant swings.
The Adani family, which owns around 75% of Adani Enterprises, has previously been given credit by the Adani group for the minor free float.