New Delhi, June 9 -- Power transmission and distribution company Adani Energy Solutions Ltd is poised to acquire IntelliSmart Infrastructure Pvt. Ltd, the smart-metering joint venture between the National Investment and Infrastructure Fund (NIIF) and state-run Energy Efficiency Services Ltd (EESL), for Rs.3,050 crore.

The Adani Group company said in a statement on Tuesday that it had executed a binding securities purchase and subscription agreement to acquire a 100% equity stake in IntelliSmart and to redeem its optionally convertible debentures held by NIIF.

The acquisition would further cement AESL's position as the country's largest smart-metering platform, taking its total portfolio to more than 47 million smart meters.

"Acquisitio...