Veteran investor Mark Mobius has made bold statements about the Adani Group and India's market potential in a recent interview with NDTV Profit. His comments come amidst ongoing discussions about the conglomerate's role in India's economic landscape and the broader market outlook.

Adani Group: A Proxy for India's Growth

Mobius asserted that investing in the Adani Group is tantamount to investing in India itself. This statement underscores the significant role the conglomerate plays in India's infrastructure and economic development. Mobius dismissed recent controversies, including a Washington Post article, as 'overblown,' expressing confidence in the group's operations.

Bullish Outlook on Sensex

The founder of Mobius Capital Partners offered an optimistic view on India's stock market:

• Predicted the Sensex could reach 100,000 earlier than previously anticipated
• Cited strong domestic momentum as a key driver
• Mentioned potential positive political developments in the US as a contributing factor

Gold and Investment Trends

Mobius shared insights on other investment areas:

• Described the recent gold pullback as temporary
• Maintained a long-term bullish stance on India
• Expects the shift of investor interest from India to China to be short-lived
• Highlighted India's intact structural growth story

Investment Opportunities in India

Mobius pointed out specific sectors that he finds promising:

• Consumer space
• Hardware sector
• Electronics sector

Adani Group's Recovery and SEBI's Role

Mobius commented on the Adani Group's recent challenges and recovery:

• Expects the conglomerate's recovery to continue following SEBI's clean chit in the Hindenburg case
• Praised SEBI for increasing transparency and strengthening institutional frameworks
• Suggested that proper research would have revealed the baselessness of Hindenburg's accusations

Adani Enterprises Corporate Actions

Recent LODR data from Adani Enterprises reveals ongoing corporate activities:

Board Meeting Announcement

• Scheduled for November 4, 2025
• To consider and approve unaudited financial results for Q2 and H1 FY2026
• Trading window closure to end 48 hours after results announcement

New Subsidiary Incorporation

• Wholly-owned subsidiary 'Shri Kedarnath Ropeways Limited' (SKRL) incorporated on October 27, 2025
• SKRL to develop and manage a ropeway system from Son Prayag to Kedarnath in Uttarakhand
• Project to be executed on Design, Build, Finance, Operate and Transfer (DBFOT) Mode

These corporate actions indicate Adani Enterprises' continued focus on infrastructure development and expansion, aligning with Mobius' positive outlook on the group and its role in India's growth story.

Adani Enterprises has made significant strides in the Indian corporate bond market, raising a substantial ₹13,750 crore over the past year through various bond issuances. This move highlights the group's strategic approach to capital raising and its growing influence in the domestic financial markets. Additionally, the company has established a new subsidiary focused on ropeway operations in the Kedarnath region.

Key Highlights of Adani Group's Bond Issuances

• Total Amount Raised: ₹13,750 crore
• Time Period: Past 12 months
• Number of Issuances: 10
• Market Share: Over 10% of all corporate bond issuances in India during this period

Bond Issuance Details

Major Institutional Investors

The Adani Group's bonds have attracted investments from several prominent institutional investors, including:

• Life Insurance Corporation of India (LIC)
• ICICI Prudential AMC
• Nippon AMC
• SBI Mutual Fund
• HDFC Bank
• Axis Bank

Notable Investment

LIC, India's largest insurer, made a significant investment of ₹5,000 crore in Adani Ports bonds, which offer a 7.75% coupon rate.

Shift in Strategy

The Adani Group's move towards the domestic rupee bond markets comes on the heels of rating upgrades for several of its companies. Many Adani firms now hold AAA or AA+ ratings, which has likely contributed to their ability to attract major institutional investors.

Attractiveness to Long-Term Investors

The long-term nature of many of these bond issuances, particularly those with maturities of 15, 17, and 19 years, has made them especially attractive to insurance companies and pension funds. These institutions often seek such instruments to match their long-term liabilities.

New Subsidiary for Ropeway Operations

In a separate development, Adani Enterprises has established a wholly-owned subsidiary called Shri Kedarnath Ropeways Limited. This new entity appears to be focused on ropeway operations, likely in the Kedarnath region. The formation of this subsidiary suggests Adani's expansion into infrastructure development in tourist and pilgrimage areas.

This strategic shift in Adani Group's financing approach demonstrates the company's ability to tap into domestic capital markets and reflects the growing confidence of institutional investors in the group's long-term prospects. As the Indian corporate bond market continues to evolve, such large-scale issuances by major conglomerates could play a crucial role in deepening and maturing the market. Furthermore, the group's diversification into specialized infrastructure projects, as evidenced by the new ropeway subsidiary, indicates its commitment to expanding its operational footprint across various sectors.