India, Nov. 13 -- Adani Energy Solutions on Friday said it has acquired IntelliSmart Infrastructure from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) for Rs 3,050 crore, a move that will boost the Adani Group entity's presence in the smart metering space.

The Rs 3,050-crore transaction includes the acquisition of 100 per cent of IntelliSmart's equity share capital and the redemption of IntelliSmart's optionally convertible debentures held by NIIF.

IntelliSmart Infrastructure provides advanced metering infrastructure for electricity and deploys certain smart gas meters in the country. In an exchange filing, Adani Energy Solutions Ltd (AESL) said it has completed the acquisition of 100 p...