Key Highlights
- 100% equity stake acquisition in Trade Castle Tech Park Private Limited.
- ₹231.34 crore cash consideration for the deal.
- Completion expected by November 2025.
- TCTPPL owns land and key infrastructure licenses.
- No related party involvement or regulatory approvals required.
Adani Enterprises Limited announced that its joint venture, AdaniConneX Private Limited (ACX), has signed a Share Purchase Agreement to acquire 100% equity stake in Trade Castle Tech Park Private Limited (TCTPPL). The agreement was executed on 21 November 2025.
The acquisition, valued at ₹231.34 crore and fully funded through cash, aims to strengthen ACX’s infrastructure development portfolio.
TCTPPL, incorporated in October 2023 and based in Mumbai, focuses on infrastructure development activities. Although commercial operations are yet to commence, the company owns a sizeable land parcel and holds key licenses that will support future project execution.
The acquisition does not fall under related-party transactions and does not require additional regulatory approvals. ACX expects to complete the transaction by the end of November 2025.