Shares of Adani Enterprises fell nearly 2 percent at open on the NSE after Adani Global, a wholly owned subsidiary, executed a shareholders’ agreement for acquiring a 49 percent stake in Adani Esyasoft Smart Solutions. At 9:20 am, the stock was trading at Rs 3157.30.

In an exchange filing on April 12, Adani Enterprises said that Adani Global Mauritius, which is a wholly owned subsidiary of the company, has executed a shareholders’ agreement for acquiring a 49 percent stake in Adani Esyasoft Smart Solutions, Abu Dhabi, from Esyasoft Holding, UAE. As a result of the agreement, Adani and Esyasoft Holding will hold 49 percent and 51 percent of Adani Esyasoft Smart Solutions, respectively.

The company is involved in developing smart utility solutions: smart metering software, load forecasting, revenue maximization etc.