Adani Energy Solutions Acquires IntelliSmart for ₹3,050 Crore; Shares Rise 1.25%

Mumbai, November 13: Adani Energy Solutions Limited announced the completion of its acquisition of IntelliSmart Infrastructure Private Limited, acquiring 100% of the company’s equity share capital from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The transaction was completed on November 12, 2026, after receiving approval from the Competition Commission of India (CCI). The company’s shares moved higher during Friday’s morning trading session, although the acquisition’s precise contribution to the price movement could not be independently established.

Adani Energy Solutions Completes IntelliSmart Acquisition

In its November 13 regulatory filing, Adani Energy Solutions confirmed that the acquisition of IntelliSmart’s entire equity share capital had been completed. The transaction also included the redemption of optionally convertible debentures held by NIIF. The company had initially signed a securities purchase and subscription agreement on June 9, 2026, with the transaction valued at approximately ₹3,050 crore. The acquisition strengthens Adani Energy Solutions’ presence in India’s smart metering industry. IntelliSmart has a portfolio of more than 2.2 crore smart meters across five states. Following the acquisition, Adani Energy Solutions’ combined smart metering portfolio is expected to exceed 4.7 crore meters. The expanded portfolio provides the company with a larger platform to participate in electricity distribution modernisation and smart meter deployment projects across India.

Stock Market Snapshot

Adani Energy Solutions share price were trading around ₹1,452, up approximately ₹18 or 1.25%, during the morning session on Friday, November 13, 2026, compared with the previous closing price of ₹1,434.10. The stock initially traded below the previous close before recovering and moving above ₹1,450. The supplied intraday chart shows the stock maintaining positive momentum through approximately 9:57 AM IST. The share price and percentage movement are approximate readings from the chart, which does not display an exact last-traded-price figure or second-level snapshot time. The previous close of ₹1,434.10 is independently verified.

About Adani Energy Solutions

Adani Energy Solutions Limited is part of the Adani Group and operates across electricity transmission, distribution, smart metering and energy solutions. The company develops and manages power infrastructure projects across India and provides advanced metering services to electricity distribution companies.

Conclusion

Adani Energy Solutions’ completed acquisition of IntelliSmart represents a significant expansion of its smart metering business. The integration of IntelliSmart and execution of the company’s growing project pipeline will remain important factors in assessing its future performance.

Source: 

• https://www.nseindia.com/get-quote/equity/ADANIENSOL/Adani-Energy-Solutions-Limited