“AdaniConneX Pvt Ltd has completed the acquisition of a 100 per cent stake of Trade Castle Tech Park Pvt Ltd, and thereby TCTPPL has become a step-down joint venture of the company,” AEL said in a stock exchange filing.
Photo: IANS
Adani Enterprises Ltd on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer that owns sizeable land parcels.
“AdaniConneX Pvt Ltd has completed the acquisition of a 100 per cent stake of Trade Castle Tech Park Pvt Ltd, and thereby TCTPPL has become a step-down joint venture of the company,” AEL said in a stock exchange filing.
Advertisement
AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, executed a share purchase agreement on November 21, 2025, with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire a 100 per cent stake in TCTPPL.
Advertisement
“TCTPPL is incorporated in India and registered with the Registrar of Companies, Maharashtra, at Mumbai on October 16, 2023, with an object for carrying out infrastructure development activities. While TCTPPL is yet to commence commercial activities, it owns a sizable land parcel and has secured key licences to commence infrastructure activities, which would give a head start to ACX,” it had said.
Notably, AdaniConneX is a 50:50 joint venture of Adani Group and EdgeConneX, established to develop a 1 GW national data centre platform over the next decade.
The company operates data centres across Chennai, Navi Mumbai, Noida, Pune and Hyderabad.
Advertisement
