A+ A A- Skip to main content

Asian Paints

2708.1 48.90

Cipla

1376.5 -11.40

Eicher Motors

7203 153.00

Nestle India

1410.4 11.50

Grasim Inds

3095.5 45.40

Hindalco Inds.

1076.7 14.30

Hind. Unilever

2132.8 22.70

ITC

280 0.55

Trent

2771.3 47.20

Larsen & Toubro

3900.6 25.10

M & M

2990.1 24.10

Reliance Industries

1269.2 5.90

Tata Consumer

1106.5 -0.50

Tata Motors PVeh

387.8 -1.20

Tata Steel

203.18 0.46

Wipro

181.67 -0.09

Apollo Hospitals

8524 165.50

Dr Reddy's Labs

1268.5 -7.10

Titan Company

4104.9 -87.50

SBI

1002.7 20.75

Shriram Finance

911.7 15.05

Bharat Electron

412.05 -0.90

Kotak Mah. Bank

381.7 4.60

Infosys

1180.3 -7.30

Bajaj Finance

886.9 15.80

Adani Enterp.

2979.9 9.90

Sun Pharma.Inds.

1779 -9.80

JSW Steel

1261.7 1.00

HDFC Bank

738.35 -0.30

TCS

2151 -0.40

ICICI Bank

1275 24.80

Power Grid Corpn

285.7 -4.60

Maruti Suzuki

13120 208.00

Axis Bank

1292.4 24.30

HCL Technologies

1146.3 -5.00

O N G C

259 -5.65

NTPC

355.65 -6.75

Coal India

466.9 2.00

Bharti Airtel

1799 -14.30

Tech Mahindra

1483.8 -19.60

Jio Financial

234.21 5.35

Adani Ports

1826.4 21.40

HDFC Life Insur.

560.6 -3.95

SBI Life Insuran

1769.1 4.70

Max Healthcare

1003.1 -4.35

UltraTech Cem.

10911 116.00

Bajaj Auto

10184 -47.00

Bajaj Finserv

1693.1 18.50

Interglobe Aviat

4537.6 177.90

Eternal

245.65 -2.65

Corporate News - Detailed News Back
Adani Energy Solutions to acquire IntelliSmart Infrastructure, a leading smart metering company
09-Jun-26   19:20 Hrs IST

Adani Energy Solutions has executed a binding securities purchase and subscription agreement ('SPSA') to acquire a 100% equity stake in IntelliSmart Infrastructure, a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters.

The proposed Rs 3,050 crore transaction includes acquisition of the 100% of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. The transaction closing is subject to regulatory and other customary approvals.

IntelliSmart is one of India's leading owners and operators of smart meter assets, with a total portfolio of 2.2+ crore meters across Uttar Pradesh, Gujarat, Madhya Pradesh, Bihar and Assam. IntelliSmart's presence across high-growth consumer markets provides a strong runway for future expansion.

The acquisition is in line with AESL's strategy to pursue value-accretive growth through both organic and inorganic opportunities. The acquisition is expected to deliver synergies through economies of scale, optimisation of operations and maintenance costs, and integration with AESL's broader energy and infrastructure platform.


DJIA 50812.84
-74.94 -0.15%
S&P 500 7426.81
22.07 0.30%
HANG SENG 24565.91
-91.16 -0.37%
NIKKEI 225 65160.26
1135.66 1.77%
FTSE 100 10242.24
-130.96 -1.26%
NIFTY 23242.10
119.10 0.52%
×
Ask Your Question
close
refresh