Adani Energy Solutions arm to form joint venture with UAE-based Esyasoft Holdings
New Delhi: Adani Energy Solutions on Wednesday said its arm Adani Transmission Step-Four (ATSFL) will form a joint venture with UAE-based Esyasoft Holdings (EHL) to implement smart metering projects in India and abroad.
ATSFL and EHL would hold a 49 per cent and 51 per cent shareholding, respectively, in the proposed joint venture with equal participation in the board of directors of the company, according to a regulatory filing.
The filing said Adani Energy Solutions through its wholly-owned subsidiary ATFSL has entered into a definitive agreement on 26th December, 2023 for formation of a 49:51 JV with EHL to implement smart metering projects in India and globally.
