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Business / Tue, 09 Jun 2026 Mint

Adani Group to acquire NIIF-EESL smart-metering joint venture IntelliSmart for ₹3,050 crore

"For NIIF, this transaction marks an important milestone in our infrastructure strategy and reinforces our commitment to building industry-leading platforms in India. As IntelliSmart enters its next phase of growth, this exit enables us to unlock value while continuing to catalyze institutional capital into India’s digital and energy transition,” said Vinod Giri, managing partner, NIIF.

"For NIIF, this transaction marks an important milestone in our infrastructure strategy and reinforces our commitment to building industry-leading platforms in India. As IntelliSmart enters its next phase of growth, this exit enables us to unlock value while continuing to catalyze institutional capital into India’s digital and energy transition,” said Vinod Giri, managing partner, NIIF.

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