CCI approves Adani Energy Solutions' acquisition of IntelliSmart Infrastructure
Plan to acquire 100% equity shares from National Investment and Infrastructure Fund and EESL
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
31 October 2026, 5:53 pm · Updated 4:23 am · 1 min read
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The Competition Commission of India (CCI) has approved the acquisition of the equity share capital of IntelliSmart Infrastructure Private Limited by Adani Energy Solutions Limited. According to a PIB Ahmedabad report, under this proposed transaction, Adani Energy Solutions Limited will acquire 100% equity shares of the target company.
Under this deal, the acquiring company is envisaged to acquire these equity shares from the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). Both these entities are involved as the selling parties.
Adani Energy Solutions Limited is a part of the Adani Group. It is a public listed company incorporated in India, listed on BSE Limited (BSE) as well as the National Stock Exchange of India Limited (NSE). The company is primarily engaged in electricity transmission and distribution activities. In addition, it is also involved in the business of implementing advanced metering infrastructure for electricity in India.
On the other hand, the company to be acquired, IntelliSmart Infrastructure Private Limited, is involved in advanced metering infrastructure activities for electricity in India. The company is also engaged in the installation of certain smart gas meters in India.
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