Adani Energy Solutions Share Price in Focus; Acquires IntelliSmart for ₹3,050 Crore

Written by: Team Angel OneUpdated on: 13 Nov 2026, 10:39 pm IST

Adani Energy Solutions concludes its agreement to acquire IntelliSmart, completing the transfer of the company's entire equity share capital.

Adani Energy Solutions Ltd has completed its ₹3,050 crore acquisition of IntelliSmart Infrastructure Private Limited. The company took over all of IntelliSmart's equity shares on November 12, 2026, after receiving approval from the Competition Commission of India (CCI).

IntelliSmart's shares were held by the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL).

Both have transferred their holdings to Adani Energy Solutions. The company informed the BSE and NSE about the completed transaction on November 13, 2026.

Agreement Signed in June

Adani Energy Solutions had announced the proposed acquisition on June 9, 2026. It had signed a Securities Purchase and Subscription Agreement to acquire the entire equity share capital of IntelliSmart.

The deal was awaiting antitrust approval from the CCI. With the clearance received, the company completed the purchase nearly five months after signing the agreement.

NIIF's Debentures Redeemed

The transaction also involved optionally convertible debentures held by NIIF in IntelliSmart. Adani Energy Solutions confirmed that these debentures have been redeemed.

The filing covers both the transfer of the equity shares and the redemption of the debentures. It was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As of November 13, 2026, 3:30 pm, Adani Energy Solutions share price closed at ₹1,447.50, a 0.93% increase from the previous closing price.

Conclusion

Adani Energy Solutions has acquired the entire stake in IntelliSmart from NIIF and EESL for ₹3,050 crore. The deal was completed on November 12, after the CCI granted its approval.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Nov 13, 2026, 5:09 PM IST

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