Global funds, Adani, GMR, others in race for NIIF’s smart meter business
Mumbai: The sale process for IntelliSmart Infrastructure, which operates smart electricity metering systems of utilities, has drawn strong interest from global infrastructure investors and domestic smart meter manufacturers, people familiar with the matter said.
The company, owned by India’s sovereign wealth fund National Investment and Infrastructure Fund (NIIF) and financially stressed Energy Efficiency Services Ltd (EESL), has received around 10 bids and four-five bidders are expected to be shortlisted for due diligence within a week, the people said.
