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NIIF owns 51% of the smart electricity meter company. The fund is now exploring the possibility of selling this stake.
According to a media report, NIIF has appointed an adviser. It has also started sounding out potential buyers. The fund invested in IntelliSmart in 2019. It is seeking a valuation of around $500 million for the company.
However, the talks are still at an early stage. The sources said the discussions may not necessarily lead to a final deal.
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