CCI approves Adani acquisition of Intellismart

The Competition Commission of India (CCI) has approved Adani’s acquisition of IntelliSmart Infrastructure, paving the way for the creation of India’s largest smart meter firm, an official statement said Friday. The fair-trade watchdog gave a go ahead to Adani Energy Solutions for acquiring 100% of IntelliSmart Infrastructure from the National Investment and Infrastructure Fund (NIIF) and state-run Energy Efficiency Services Limited (EESL).

The buyout transfers complete ownership of IntelliSmart to the Adani Group, significantly expanding its footprint in digital grid modernisation. The platform is central to rolling out smart prepaid meters under the central government’s power distribution reforms.

In telecom, the CCI green-lit the acquisition of a 16.2% stake in Vodafone Group Plc by Vega. Aditya Birla Renewables also secured regulatory approval to purchase 100% of Solenergi Power from Shell Overseas Investments B.V., consolidating its utility-scale green generation portfolio across the country.


The quick-service restaurant industry also saw major consolidation, with the regulator sanctioning the merger of Sapphire Foods India into Devyani International. The combination unites the country’s two largest Yum! Brands franchisees, consolidating the operation of hundreds of KFC and Pizza Hut outlets under a single corporate umbrella. Separately, an investment by Asia Initiatives 2 to acquire a stake in south Indian dining chain Adyar Ananda Bhavan Sweets India was deemed approved under the automatic green channel route.

In financial technology, the commission cleared MIH Payments Holdings to acquire an equity stake in Sachin Bansal-promoted fintech enterprise Navi Technologies.