Adani Enterprises’ arm completes acquisition of 49% stake in Adani Esyasoft Smart Solutions

27 Apr 2024 Evaluate

Adani Enterprises’ wholly owned subsidiary--Adani Global has completed the acquisition of 49% stake of Adani Esyasoft Smart Solutions (AESSL), Abu Dhabi from Esyasoft Holding, UAE on April 26, 2024. 

AESSL is engaged inter alia, in the business of developing smart solutions such as smart metering software, load forecasting, revenue maximization and other efficiency-based software products and solutions for utilities both in India and globally. The objective of this transaction is to support captive requirements to build smart metering solutions and also extend the same globally to other sectors as well. The equity consideration for 49% stake (24,500 shares) is $24,500. 

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.


Adani Enterprises Share Price

2344.90 -74.75 (-3.09%)
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Peers
Company Name CMP
Redington 205.75
Adani Enterprises 2344.90
Amrapali Industries 17.27
Rashi Peripheral 427.80
Compuage Infocom 3.21
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