Adani Energy Solutions completes ₹3,050 crore IntelliSmart deal
In short
Adani Energy Solutions said it completed its ₹3,050 crore purchase of IntelliSmart on November 12. It got the needed anti-trust approval from the Competition Commission of India first.
The deal expands Adani Energy Solutions’ presence in energy and smart metering.
What the reporting says
Adani Energy Solutions completed its ₹3,050 crore acquisition of IntelliSmart on November 12 after receiving anti-trust approval from the Competition Commission of India. The deal adds to Adani Energy Solutions’ business footprint in the energy and smart metering space.
Why it matters
Adani Energy Solutions closed its ₹3,050 crore acquisition of IntelliSmart after receiving Competition Commission of India approval. The completion date was November 12, as stated in the summary. The transaction is relevant for investors and the power infrastructure market because it expands Adani Energy Solutions’ presence in the energy and smart metering segment.