Helios Capital Management is betting on the flagship stock of India’s Adani Group to be the next big winner for its funds in a market left behind in the global AI frenzy.
The Singapore‑based asset manager bought about 770,000 shares of Adani Enterprises Ltd. in the second quarter across three of its funds, two of which were first-time buyers, Bloomberg-compiled data show.
The easing of Adani’s legal and reputational overhang and the group’s businesses in ports and emerging energy ventures strengthen the case for further investment, Samir Arora, founder of Helios, said in a recent interview.
“We have always liked their execution; we own Adani Ports & Special Economic Zone, so we know that,” said Arora, whose 75.8 billion rupees ($795 million) Helios Flexi Cap Fund has returned about 8% in the last year to beat 91% of its peers. The Nifty 500 TR has fallen 0.7% during the period.
His backing of the coal‑to‑ports conglomerate underscores the momentum Adani has gained recently after reaching a US settlement over sanctions-related charges and resolving corruption allegations. Helios joins other investors, such as the Capital Group and SBI Funds Management, in raising stakes in Adani just as it emerges as a key proxy for India’s artificial intelligence ambitions.
