M&ABusiness Standard
Adani Energy acquires IntelliSmart for 3050 crore
Positive+662 sources
GreyOak summary
Adani Energy Solutions acquired 100% equity of IntelliSmart Infrastructure from NIIF and EESL for 3,050 crore. The deal, approved by the Competition Commission of India, expands Adani's presence in smart metering. Optionally convertible debentures held by NIIF were also redeemed.
What it affects
- Adani Energy SolutionsADANIENSOLPositive +66
Acquired IntelliSmart for 3050 crore rupees.Rolling sentiment Positive +51
Source
Read the original at Business StandardMore Adani Energy Solutions news
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