Adani Enterprises completes acquisition of Trade Castle Tech Park worth Rs 231 cr

Adani Enterprises Ltd, the flagship of business magnate Gautam Adani’s group, 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 plots.AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data center operator EdgeConneX, had entered into a share purchase agreement with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) on November 21, 2025, to acquire 100 percent stake in TCTPPL.

The acquisition was aimed at setting up infrastructure facilities, it said without elaborating.

“AdaniConneX Pvt Ltd has completed the acquisition of 100 percent stake in Trade Castle Tech Park Pvt Ltd and thereby TCTPPL has become a joint venture of the company,” AEL said in a stock exchange filing.

The purchase price for the acquisition is Rs 231.34 crore, Adani Enterprises Ltd (AEL) said on November 21.

“TCTPPL was incorporated in India and registered with the Registrar of Companies, Maharashtra in Mumbai on October 16, 2023 for the purpose of carrying out infrastructure development activities. While TCTPPL is yet to commence commercial operations, it owns a significant tract of land and has secured key licenses to commence infrastructure activities, which would give ACX an edge,” the report said.

AdaniConneX is a 50:50 joint venture of Adani Group and EdgeConneX, established to develop a 1 GW national data center platform over the next decade. The company operates data centers in Chennai, Navi Mumbai, Noida, Pune and Hyderabad.