Adani Group Company To Acquire IntelliSmart For Rs 3,050 Crore; DII Stake Increases

On Tuesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.42 per cent to 23,220.25. Amid the positive market sentiment, Adani Energy Solutions share price traded at Rs 1,588.20, up 1.13 per cent from the previous close after the company announced the acquisition of IntelliSmart Infrastructure Private Limited.

Adani Energy Solutions To Acquire IntelliSmart

Adani Energy Solutions Limited (AESL) has signed a binding securities purchase and subscription agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure Private Limited for a total consideration of Rs 3,050 crore. The transaction includes the acquisition of the entire equity share capital of IntelliSmart and the redemption of optionally convertible debentures held by the National Investment and Infrastructure Fund (NIIF). The acquisition remains subject to regulatory and customary approvals.

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Smart Meter Portfolio To Exceed 4.7 Crore Meters

IntelliSmart is among India's top three smart metering companies and one of the country's leading owners and operators of smart meter assets.

The company manages a portfolio of more than 2.2 crore smart meters across Uttar Pradesh, Gujarat, Madhya Pradesh, Bihar and Assam. Following the acquisition, Adani Energy Solutions' smart metering portfolio will expand to over 4.7 crore meters. The company stated that the acquisition aligns with its strategy of pursuing value-accretive growth through both organic and inorganic initiatives.

Strengthens Smart Metering Business

AESL is currently expanding its smart metering operations and has an order book of over 24.6 million meters.

The company expects the transaction to generate operational synergies through economies of scale, optimisation of operations and maintenance costs, and integration with its broader energy and infrastructure platform.

The acquisition is also expected to strengthen the company's position in India's power distribution modernisation programme through technology-led solutions.

Adani Energy Solutions Shareholding Pattern

According to the latest shareholding pattern for the quarter ended March 2026, Domestic Institutional Investors (DIIs) increased their stake in Adani Energy Solutions to 10.24 per cent from 10.14 per cent in the December 2025 quarter.

During the same period, Foreign Institutional Investors (FIIs) reduced their holding to 12.23 per cent from 13.47 per cent.

Share Price Performance

Shares of Adani Energy Solutions have delivered a return of 77.53 per cent over the last one year, 53.73 per cent over two years and 88.85 per cent over three years. The stock has outperformed the BSE 500 index over the last one year. The company's 52-week high and low stand at Rs 1,579.45 and Rs 755.80, respectively.

About Adani Energy Solutions

Adani Energy Solutions Ltd is engaged in power transmission, distribution, smart metering and energy infrastructure businesses. The company focuses on developing technology-led solutions aimed at modernising India's power distribution network and expanding digital infrastructure across the energy value chain.

Smart metering forms a key component of the company's long-term growth strategy, alongside its transmission and distribution operations.

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Disclaimer: The article is for informational purposes only and not investment advice.