Adani Energy Solutions Limited has successfully completed the acquisition of 100% of the equity share capital of Intellismart Infrastructure Private Limited. This strategic move, finalized on November 12, 2026, follows the execution of a Securities Purchase and Subscription Agreement and receipt of requisite antitrust approvals. The acquisition includes the redemption of optionally convertible debentures previously held by National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL).
Adani Energy Solutions Finalizes Intellismart Acquisition
Adani Energy Solutions Limited announced today the successful completion of its acquisition of 100% of the equity share capital of Intellismart Infrastructure Private Limited (Intellismart). The transaction was officially closed on November 12, 2026, after receiving the necessary antitrust approval from the Competition Commission of India.
Strategic Transaction Details
This acquisition follows the earlier intimation on June 9, 2026, regarding the execution of the Securities Purchase and Subscription Agreement. The company acquired Intellismart from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). As part of the transaction, NIIF’s optionally convertible debentures in Intellismart have been redeemed.
This strategic move is expected to enhance Adani Energy Solutions’ presence and capabilities within the infrastructure sector.
Source: BSE
