Adani's aquirement: Secures 49% stake in Adani Esyasoft Smart Solutions

AEL - Adani Enterprises Ltd said its subsidiary Adani global Ltd will secure a 49% stake in Adani Esyasoft Smart Solutions, Abu Dhabi. 

Adani global, situated in Mauritius, has gone into SHA – Shareholders agreement to get a 49% stake in the organization from Esyasoft solutions Ltd, UAE, as per a stock trade recording. 

The arrangement, executed means to prepare for the advancement of savvy arrangements, for example, smart metering programming, load forecasting, income expansion, and other productivity-based programming items and services for utilities, both in India and worldwide.

Under the provisions of the arrangement, Adani and Esyasoft holding will acquire 49% and 51% shareholding, separately, in Adani Esyasoft smart solutions Ltd.

Speaking to this the company said, “We would like to inform that Adani Global Limited, Mauritius, a wholly owned subsidiary (WOS) of the Company, has executed a Shareholders’ Agreement (“SHA”) today (i.e. 12th April 2024 at 6:30 p.m. IST) for acquiring 49% stake of Adani Esyasoft Smart Solutions Limited, Abu Dhabi from Esyasoft Holding Limited, UAE”.