Adani flagship is the next big India pick for Singapore’s Helios

Singapore-based Helios Capital bought about 770,000 shares of Adani Enterprises in Q2 across three funds, citing easing legal and reputational overhang and the group's ports and energy businesses as reasons for further investment. Founder Samir Arora highlighted Adani's plans to invest roughly $100 billion in data centers and digital expansion, positioning the conglomerate as a key proxy for India's AI ambitions. Arora is also bullish on Eternal Ltd. and One 97 Communications (Paytm), and said major India headwinds are receding amid stabilizing oil prices and anticipated foreign inflows.