AdaniConneX to Acquire Trade Castle Tech Park for ₹231.34 Crore

Adani Enterprises announced that its joint venture, AdaniConneX, has signed a share purchase agreement to buy all shares of Trade Castle Tech Park Pvt Ltd (TCTPPL). The agreement was signed on November 21, 2025. The acquisition value stands at ₹231.34 crore, and the payment will be made fully in cash.  

Reports suggest that the company noted that the transaction does not fall under related party deals and does not require regulatory clearance. 

About Trade Castle Tech Park 

TCTPPL is an infrastructure development company based in Maharashtra. It has an authorised and paid-up capital of ₹1 lakh and has not begun commercial activity. The filing shows that the company owns a large land parcel and holds certain licences linked to infrastructure projects. AdaniConneX intends to use the asset to set up new facilities, though no project details were shared. 

The company expects to finish the acquisition by the end of November 2025. The share purchase has been executed with the current shareholders, including Shree Naman Developers and Jayesh Shah. 

Stake Sale in AWL Agri Business 

In a separate filing, Adani Enterprises reported that Adani Commodities LLP sold 9,09,77,502 shares, equal to 7% of AWL Agri Business, through a bulk deal executed on 21 November 2025. This comes after the earlier off-market sale of 16,89,58,219 shares (13%) to Lence Pte Ltd, disclosed on 19 November 2025. 

Reclassification Request 

Following the share sales, Adani Commodities LLP, Adani Enterprises and other promoter group entities have requested reclassification from promoter to public shareholders in AWL. They stated that they no longer own shares, hold voting rights, board positions, or special agreements with the company. Filings record the termination of past agreements with Wilmar and other related parties. 

Adani Enterprises Share Price Performance 

As of November 24, 2025, at 10:35 AM, Adani Enterprises share price is trading at ₹2,421.50, a 0.03% down from the previous closing price. 

Read More: Adani Enterprises Rights Issue Set to Open on November 25: All You Need to Know! 

Conclusion 

The acquisition gives AdaniConneX ownership of a land-backed company that has licences but no commercial operations yet. Separately, Adani group entities have reduced their holding in AWL Agri Business and sought reclassification as public shareholders. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.