Adani Enterprises Completes Rs 3.67 Billion Acquisition Of Giridhari Build Estate

Adani Enterprises Ltd has announced that AdaniConneX, its joint venture with EdgeConneX, has successfully acquired Giridhari Build Estate for Rs 3.67 billion. The acquisition is part of Adani’s broader strategy to expand its presence in India’s fast growing data center market, which is witnessing rising demand from cloud services, digital platforms, and enterprise solutions.  

Key highlights from the announcement include  

• AdaniConneX completed the acquisition of 100% stake in Giridhari Build Estate.  
• The deal is valued at Rs 3.67 billion, adding significant strength to Adani’s infrastructure portfolio.  
• Giridhari Build Estate is expected to play a role in Adani’s data center expansion plans.  
• The acquisition aligns with Adani’s vision of building a nationwide network of sustainable, scalable data centers.  
• Industry experts note that the deal underscores Adani’s commitment to digital infrastructure and technology-driven growth.  
• The transaction enhances AdaniConneX’s ability to meet rising demand for cloud and enterprise services in India.  
• Analysts believe the acquisition will support long-term revenue growth and strengthen Adani’s competitive edge in the sector.  

The acquisition of Giridhari Build Estate marks another milestone in Adani Enterprises’ expansion strategy. By investing in digital infrastructure, the company is positioning itself at the forefront of India’s data-driven growth story.  

Sources: Economic Times, Business Standard, Moneycontrol