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Updated · Bloomberg · Jul 10Helios Capital Buys 770,000 Adani Enterprises Shares Across 3 Funds
1 articles · Updated · Bloomberg · Jul 10Summary
- Bloomberg-compiled data show Helios Capital Management bought about 770,000 Adani Enterprises shares in the second quarter through three funds.
- Two of those three funds were first-time buyers, expanding the Singapore-based asset manager’s exposure to the Adani Group flagship.
- Helios is positioning Adani Enterprises as a potential standout in India’s market, which it sees as lagging the global AI-driven rally.
Insights
Why is a Singaporean fund betting against the global AI craze for an Indian conglomerate? After ditching Indian IT, why is Helios now doubling down on Adani's infrastructure empire?