Adani Energy Solutions to acquire IntelliSmart, one of India’s largest smart meter players

Adani Energy Solutions Limited (“AESL”), India’s largest private transmission company and one of India’s leading energy solutions providers, has executed a binding securities purchase and subscription agreement (“SPSA”) to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited, a leading smart metering JV between National Investment and Infrastructure Fund (“NIIF”) and Energy Efficiency Services Limited (“EESL”). ...