The Competition Commission of India has approved Adani Energy Solutions Limited's proposed acquisition of the entire equity share capital of IntelliSmart Infrastructure Private Limited from the National Investment and Infrastructure Fund and Energy Efficiency Services Limited.
In a press release dated October 30, 2026, the Commission stated that the proposed transaction involves the acquisition of 100% of IntelliSmart's equity share capital by Adani Energy Solutions from the two sellers.
Adani Energy Solutions, which is part of the Adani Group, is a publicly listed company engaged primarily in electricity transmission and distribution in India. It is also involved in deploying advanced metering infrastructure for electricity across the country.
IntelliSmart Infrastructure is engaged in the deployment of advanced metering infrastructure for electricity in India. It also undertakes the deployment of certain smart gas meters.
The Commission stated that a detailed order would follow.