Adani Enterprises shares in focus on completing 100% acquisition of Trade Castle Tech Park for ₹231 crore

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% stake in TCTPPL.

The acquisition was for the purpose of setting up infrastructure facilities, it had said without elaborating

"AdaniConneX Pvt Ltd has completed the acquisition of 100% 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 dated December 2.

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

"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.

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.

In a separate regulatory filing dated November 28, two of AEL’s subsidiaries, Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore), divested their entire stake in PT Adani Global (Indonesia) (PTAG).

Following this, PTAG and its subsidiaries ceased being AEL’s step-down subsidiaries.

AEL share performance

Shares of Adani Enterprises closed 1.02% lower at ₹2,239 apiece on the National Stock Exchange (NSE) on Tuesday. However, the development was announced at the time of market closing.

The stock has fallen a little over 4% in the past week and more than 7% over the month. On a year-to-date basis, it has lost nearly 10%.

While the scrip touched a 52-week high of ₹2,616.50 on September 23, 2025, it reached a year’s low of ₹1,967.52 per equity share on March 3, 2025.

AEL has a total market capitalisation of ₹2.89 lakh crore, as of December 2, 2025, according to data on the NSE.