Adani Energy Solutions Limited (AESL) is set to acquire smart-meter firm IntelliSmart for ₹3,050 crore, according to The Hindu and NDTV. The deal is intended to strengthen AESL’s position in India’s smart metering market. The Hindu reports that the acquisition will bolster AESL’s standing as India’s largest smart metering platform, which operates more than 4.7 crore smart meters. NDTV adds details of the transaction structure, saying AESL signs a pact to acquire the entire equity share capital of IntelliSmart. NDTV also states that the transaction includes the redemption of optionally convertible debentures held by NIIF. Both reports describe the transaction size as ₹3,050 crore and frame it as part of AESL’s efforts to expand its smart metering footprint. The sources do not provide additional information on deal timelines, regulatory approvals, or integration plans.
Adani Energy to acquire IntelliSmart smart-meter firm for ₹3,050 crore
Adani Energy Solutions Limited (AESL) is set to acquire smart-meter firm IntelliSmart for ₹3,050 crore, according to The Hindu and NDTV. The deal is intended to strengthen AESL’s position in India’s s...
- AESL (Adani Energy Solutions Limited) signs a pact to buy IntelliSmart for ₹3,050 crore.
- AESL will acquire the entire equity share capital of IntelliSmart.
- The transaction includes redemption of optionally convertible debentures held by NIIF.
- AESL is described as India’s largest smart metering platform with over 4.7 crore smart meters.
- The reports frame the acquisition as strengthening AESL’s smart metering position.
The proposed acquisition will strengthen AESL’s position as India’s largest smart metering platform with over 4.7 crore smart meters
7 hours agoAESL said the transaction includes the acquisition of the entire equity share capital of IntelliSmart as well as the redemption of optionally convertible debentures held by NIIF.
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