Adani Enterprises Ltd (AEL) has finalised the ₹231.34 crore acquisition of Trade Castle Tech Park Pvt Ltd (TCTPPL) through its joint venture, AdaniConneX.
The company confirmed on December 2, 2025, that the entire 100% stake has been transferred, following the agreement signed on November 21, 2025, with existing shareholders Shree Naman Developers and Jayesh Shah.
With the transaction completed, TCTPPL is now a step-down joint venture under AEL. The filing stated that the acquisition was intended for setting up infrastructure facilities. No additional information was provided on the nature or timeline of these planned developments.
TCTPPL was incorporated on October 16, 2023, and is registered in Mumbai. The firm has been established to undertake infrastructure development activities but has not begun commercial operations.
It owns a sizeable land parcel and has already secured the licences needed to start infrastructure work. These approvals place the company in a position to commence activity once development plans move forward.
AdaniConneX is a 50:50 joint venture between the Adani Group and EdgeConneX. The venture aims to build a 1-gigawatt data centre platform in India over the coming decade.
It currently operates data centres in Chennai, Navi Mumbai, Noida, Pune, and Hyderabad. Assets such as TCTPPL’s land and permissions form part of the broader infrastructure base required for its expansion.
Read More: Adani Enterprises Rights Issue Ratio Set for 3:25: Funds to be Used for Repayment of Borrowings!
As of December 03, 2025, 9:40 am, Adani Enterprises share price is trading at ₹2,239.00, a 0.027% decrease from the previous closing price.
The completion of the TCTPPL acquisition adds a land-holding infrastructure entity to AEL’s portfolio, strengthening the groundwork for upcoming development activity linked to its joint venture expansion plans.
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Published on: Dec 3, 2025, 11:46 AM IST
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