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Adani Energy Solutions acquires Essar’s Mahan-Sipat Transmission assets for Rs 1,900 Crore

PRIVATEMay 16, 2024

Acquiring Company

Adani Energy Solutions Ltd

Acquired Company

Equilibrated Venture Cflow (P) Ltd

Abu DhabiInformation TechnologyEnergyOil And GasSoftwareRenewable EnergyEnergy ManagementUtilities

Description

Adani Energy Solutions Ltd has successfully completed the acquisition of Essar’s Mahan-Sipat Transmission assets for an enterprise value of Rs 1,900 crore. The acquisition includes a fully operational 400 kV, 673 ckt kms inter-state transmission line connecting Mahan in Madhya Pradesh to the Sipat pooling substation in Chhattisgarh.

Company Information

Company

Adani Energy Solutions Ltd

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

Adani Esyasoft Smart Solutions Ltd (AESSL) is an Abu Dhabi-based company focused on developing smart solutions including smart metering software, load forecasting, revenue maximization, and other efficiency-based software products and solutions. It aims to cater to the utilities sector in India and globally.

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Frequently asked

Who acquired Equilibrated Venture Cflow (P) Ltd?

Equilibrated Venture Cflow (P) Ltd was acquired by Adani Energy Solutions Ltd, based in Abu Dhabi. The deal was reported on May 16, 2024. Adani Energy Solutions Ltd is privately held and operates in Information Technology.

When did Adani Energy Solutions Ltd acquire Equilibrated Venture Cflow (P) Ltd?

Adani Energy Solutions Ltd's acquisition of Equilibrated Venture Cflow (P) Ltd was reported on May 16, 2024. Adani Energy Solutions Ltd has successfully completed the acquisition of Essar’s Mahan-Sipat Transmission assets for an enterprise value of Rs 1,900 crore. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Equilibrated Venture Cflow (P) Ltd do?

Equilibrated Venture Cflow (P) Ltd is part of the promoter group that specializes in significant equity share acquisitions. The firm is involved in strategic investments within various markets. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.