Adani Energy Solutions completes Intellismart acquisition after CCI approval
Adani Energy Solutions told the National Stock Exchange it completed buying 100% of Intellismart Infrastructure on 12 November 2026, after Competition Commission of India approval.
Key points
- Adani Energy Solutions said in an NSE filing that it completed buying 100% of Intellismart Infrastructure Private Limited on 12 November 2026.
- The company said it got the Competition Commission of India's approval first, and that Intellismart debentures held by NIIF were redeemed.
- The filing does not give the price paid, so readers cannot tell from it what the deal cost; it follows a June 2026 agreement.
Adani Energy Solutions Limited said in a filing with the National Stock Exchange on 13 November 2026 that it completed the acquisition of 100% of the equity share capital of Intellismart Infrastructure Private Limited on 12 November 2026. The company said it received the required antitrust approval from the Competition Commission of India before closing the deal.
What Happened
In the company's filing with the National Stock Exchange, Adani Energy Solutions said the acquisition of Intellismart was completed on 12 November 2026. It bought the entire equity share capital from two sellers: National Investment and Infrastructure Fund and Energy Efficiency Services Limited.
The company said the optionally convertible debentures of Intellismart held by National Investment and Infrastructure Fund have also been redeemed. Optionally convertible debentures are bonds that a company can either repay in cash or, if the terms allow, convert into shares.
The filing follows an earlier intimation dated 9 June 2026. According to the company, that earlier notice was about the signing of a Securities Purchase and Subscription Agreement for the purchase of 100% of Intellismart's equity share capital. The latest filing says the deal closed after the Competition Commission of India, the national competition regulator, gave its approval.
The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This rule requires listed companies to tell the stock exchanges promptly about material events. The filing asks the exchanges to take the information on record.
The filing does not give the price paid for the shares, the amount of the debentures redeemed, or any financial details of Intellismart.
What It Means
With the closing, the company says it now owns all of the equity share capital of Intellismart Infrastructure Private Limited. The two earlier owners named in the filing no longer hold the shares that were sold.
For readers who follow the company, the filing is a confirmation that a deal first announced in June 2026 has been completed, and that the regulatory approval needed for it was obtained. The filing does not say how the acquisition will be funded or what it will mean for the company's earnings, and this report does not draw any conclusion on those points.
Companies listed on the National Stock Exchange are required to file such disclosures, and the exchange publishes them on its website. Investors who want to raise a complaint against a listed company or a SEBI-registered intermediary can do so at https://scores.sebi.gov.in.
Oquilia Data: Adani Energy Solutions Ltd. (NSE: ADANIENSOL)
| Close, 12 Nov 2026 | Rs 1,434.10 (+1.21% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | +12.04% / −10.31% / +11.66% / +39.59% / +43.14% |
| Against Nifty 50, 1M / 3M / YTD | −1.09 / −13.85 / +42.77 points |
| 52-week closing high / low | Rs 1,741.60 (21 Jul 2026) / Rs 812.70 (23 Jan 2026) |
| Turnover, 20-session average | Rs 213.05 cr; 45.5% delivered; latest volume 0.9x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: Adani Energy Solutions share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India