Date: November 13, 2026
Acquisition Completion
Adani Energy Solutions Limited has completed the acquisition of 100% of the equity share capital of Intellismart Infrastructure Private Limited ("Intellismart") on November 12, 2026.
The acquisition was made from National Investment and Infrastructure Fund ("NIIF") and Energy Efficiency Services Limited ("EESL").
The transaction also involved the redemption of optionally convertible debentures of Intellismart that were held by NIIF.
The completion was contingent upon and followed the receipt of requisite antitrust approval from the Competition Commission of India.
The company references its earlier intimation dated June 9, 2026, regarding the execution of the Securities Purchase and Subscription Agreement for this acquisition.