New Delhi, June 9 -- Adani Energy Solutions Ltd said Tuesday it has signed an agreement to acquire Intellismart Infrastructure Pvt Ltd from the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL) for Rs 3,050 crore ($319 million).
The transaction includes the purchase of 100% of the equity shares of Intellismart and redemption of the optionally convertible debentures of Intellismart held by NIIF, Adani Energy said in a stock-exchange filing.
Published by HT Digital Content Services with permission from VC Circle.