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
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.