Adani Energy Solutions completes 3050-cr IntelliSmart acquisition

GreyOak summary

Adani Energy Solutions Limited completed the acquisition of 100% equity of IntelliSmart Infrastructure Private Limited for Rs 3,050 crore. The deal, finalized on November 12 after receiving anti-trust approval, was executed from National Investment and Infrastructure Fund and Energy Efficiency Services Limited. This move consolidates AESL's position as India's largest smart metering platform with a combined portfolio exceeding 4.7 crore meters.