Adani Total Gas Limited (NSEI:ATGL) agreed to acquire a 50% stake in Smartmeters Technologies Private Limited from GSEC Limited for INR 10 million on August 20, 2021. The consideration will be in cash and will be funded through issuance of 1 million equity shares, at a price of INR 10 per share. As on March 31, 2021, Smartmeters Technologies Private Limited reported revenue of 4.83 million. The acquisition is expected to be completed by September 2021.