Adani Enterprises Limited has informed the Exchange about Acquisition of Giridhari Build Estate Limited by AdaniConneX Private Limited, a joint venture of the Company.
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Adani Enterprises has informed the exchange that AdaniConneX Private Limited (ACX), a joint venture of the company, has completed the acquisition of 100% equity stake in Giridhari Build Estate Limited (GBEL) on December 31, 2025. The deal was done for a cash consideration of INR 366.65 crore. GBEL is yet to start commercial operations but holds a sizeable land parcel and has secured key licenses for infrastructure development, which will give ACX a head start. The acquisition is not a related party transaction and required no separate government approvals. GBEL was incorporated in 2019 in India with a paid-up capital of just INR 10,000, suggesting the value lies entirely in the land and licenses it holds.
This is a tuck-in acquisition by Adani Enterprises' data center JV (AdaniConneX) and is unlikely to move the Adani Enterprises stock significantly on its own. However, it reinforces the group's continued build-out of its data center infrastructure footprint, which is a key growth area for the Adani portfolio.