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News Topical, Digital Desk : Adani Enterprises Ltd, an Adani Group company, announced on Saturday that AdaniConneX Private Limited (ACX), the Adani Group's data center joint venture company, has announced a major purchase. The company signed a share purchase agreement (SPA) on November 21, 2025, with Shree Naman Developers Private Limited and Jayesh Shah, the current shareholders of Trade Castle Tech Park Private Limited (TCTPPL).
Acquires 100% Stake Under this agreement, AdaniConneX will acquire 100% stake in TCTPPL. According to the company, the acquisition is being made for ₹231.34 crore and is expected to be completed by November 25, 2025. TCTPPL's authorized and paid-up share capital is ₹1 lakh each, and the company has not yet commenced any commercial activity. However , TCTPPL possesses a large land parcel and has obtained key licenses required for infrastructure activities, giving ACX a significant head start on its upcoming projects. TCTPPL was registered in Mumbai, Maharashtra, on October 16, 2023, for the purpose of infrastructure development activities. ACX believes this acquisition will significantly contribute to the company's data center and infrastructure expansion.
Share Performance:
Adani Enterprises shares closed 1.11% higher at ₹2,419 on Friday. Over the past year, the company's stock has gained 11.99%
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