Adani Energy Solutions to acquire smart meter player IntelliSmart for ₹3,050 crore
New Delhi: Adani Energy Solutions Ltd (AESL) has inked a securities purchase agreement to acquire a 100% equity stake in IntelliSmart Infrastructure for ₹3,050 crore.
IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), a statement said.
According to the statement, AESL has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100% equity stake in IntelliSmart Infrastructure.
