Big global investors, local cos eye IntelliSmart as smart meter push gains pace in India

Mumbai: More than half a dozen potential suitors including global investors Brookfield, Macquarie, KKR, and Actis are in early-stage talks to acquire IntelliSmart Infrastructure, said people familiar with the matter, reflecting strong investor interest in India’s growing market for smart meters.

Homegrown smart meter manufacturers such as Adani Energy Solutions, I Squared Capital-owned Polaris Smart Metering, GIC-backed Genus Power, and Apraava Energy are also evaluating the opportunity, the people said.