Adani Enterprises Completes 100% Acquisition Of Trade Castle Tech Park

Adani Enterprises Ltd has announced the completion of its acquisition of Trade Castle Tech Park Pvt Ltd via its joint venture AdaniConneX, formed with EdgeConneX. The acquisition, valued at approximately Rs 231–234 crore, is aimed at expanding Adani’s digital infrastructure footprint across India. Trade Castle Tech Park, incorporated in 2023, owns significant land parcels and has secured key licenses but has not yet commenced commercial operations. The acquisition is expected to accelerate AdaniConneX’s hyperscale data center projects, aligning with India’s growing demand for digital capacity.  

 

Key highlights from the announcement include  

This acquisition marks a significant step in Adani Enterprises’ ambition to become a leader in India’s data center ecosystem. By leveraging Trade Castle’s assets, AdaniConneX is positioned to accelerate the rollout of advanced infrastructure facilities to meet rising digital demand.  

 

Sources: Financial Express, Outlook Business, Business Standard, Adani Enterprises Corporate Filing