Mumbai, Nov 24 (UNI) Adani Group joint venture company AdaniConneX (ACX), has purchased a 100 per cent stake in Trade Castle Tech Park (TCTPPL), for Rs 231.34 crore, Adani Enterprises Ltd officially stated in a stock exchange filing on Monday.
“The object of the acquisition is to set up infrastructure facilities. The acquisition is expected to be completed by the end of November 25, 2025,” the exchange filing stated.
TCTPPL shares were acquired from its major shareholders, namely Shree Naman Developers and Jayesh Shah, the exchange filing stated, adding that the share purchase agreement (SPA) was signed on November 21, 2025.
AdaniConneX (ACX) is a 50:50 joint venture of Adani Group flagship company Adani Enterprises Ltd (AEL) and data centre operator EdgeConneX. The company, which was established to develop a 1 GW national data centre platform over the next decade, operates data centres across Chennai, Navi Mumbai, Noida, Pune and Hyderabad. TCTPPL is also known to own sizable land parcels.
“TCTPPL is incorporated in India and was registered with the Registrar of Companies, Maharashtra, 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 licenses to commence infrastructure activities, which would give a head start to ACX,” the stock exchange filing stated.
The development comes after AdaniConneX announced its landmark partnership with Google in October to develop India’s largest AI data centre campus and new green energy infrastructure in Visakhapatnam, Andhra Pradesh.
Google’s AI hub in Visakhapatnam is a multi-faceted investment of approximately USD 15 billion over five years (2026-2030), comprising gigawatt-scale data centre operations, supported by a robust subsea cable network and clean energy, to drive the most demanding AI workloads in India.
The project will be brought to life in close collaboration with ecosystem partners including AdaniConneX, the company had stated earlier.
