AdaniConneX acquires Trade Castle Tech Park for infrastructure expansion

AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises Limited, announced it will acquire a 100% stake in Trade Castle Tech Park Private Limited (TCTPPL) from its existing shareholders for INR 231.34 crore. The acquisition is expected to be completed by the end of November 25, 2025.

TCTPPL, incorporated in India on October 16, 2023, is authorized to carry out infrastructure development activities and possesses a sizable land parcel along with key licenses, despite not yet commencing commercial operations. The target entity has an authorized and paid-up share capital of INR 1,00,000 respectively.

The acquisition aims to set up infrastructure facilities, giving ACX a head start in its infrastructure development endeavors. This is not categorized as a related party transaction.