Helios Capital Management has acquired approximately 770,000 shares of Adani Enterprises during the second quarter, according to a report by Hindu Businessline.
The Singapore-based asset manager’s move highlights a strategic bet on the Adani Group’s flagship entity, positioning it as a potential outperformer in a market segment that has lagged behind the global artificial intelligence rally.
The acquisition underscores a shift in institutional focus toward Indian infrastructure and conglomerate plays, even as global capital flows remain heavily concentrated in technology and AI-related equities.
Helios’ decision to increase its exposure suggests confidence in Adani Enterprises’ long-term growth trajectory and its ability to capitalize on India’s ongoing infrastructure expansion.
This development comes amid broader positive sentiment surrounding the Adani Group.
Recent coverage has noted increased institutional activity across the conglomerate’s subsidiaries, including IIFL Capital initiating coverage on Adani Power with a 'buy' rating and a target price of ₹240 per share.