Acquisitions13 Nov 2026, 08:59 am
Adani Energy Solutions Completes Intellismart Acquisition
AI Summary
Adani Energy Solutions Limited (AESL) has successfully completed the acquisition of 100% equity shares of Intellismart Infrastructure Private Limited. This follows the receipt of antitrust approval from the Competition Commission of India. The acquisition was made from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). Additionally, the optionally convertible debentures held by NIIF in Intellismart have been redeemed. This move signifies a strategic expansion for Adani Energy Solutions in the infrastructure sector.
Key Highlights
- Adani Energy Solutions finalized the acquisition of Intellismart.
- 100% equity shares of Intellismart were acquired.
- Antitrust approval from CCI was received.
- Acquisition completed from NIIF and EESL.
- Intellismart's debentures held by NIIF have been redeemed.
Price Impact
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