ADANIENTNSEAdani Enterprises Limited· TradingHighNeutral
Announced Fri, 27 Jun · 01:24 IST

Adani Enterprises Limited has informed the Exchange that AdaniConneX Private Limited ( ACX ), a joint venture of the Company has completed the acquisition of 100% stake of Granthik Realtors Private Limited

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Awaiting price reaction for this filing.

AI summary

AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises, has fully acquired Granthik Realtors Private Limited (GRPL) for a cash consideration of ₹85.99 crores. The deal was executed via a Share Purchase Agreement on 26th June 2025, acquiring 100% equity from Windson Projects LLP and its nominees. GRPL, incorporated in May 2023, is yet to start commercial operations but holds a sizeable land parcel and key licences for infrastructure development. The acquisition is not a related-party transaction and falls under the infrastructure development sector. ACX is a joint venture of Adani Enterprises.

Likely market impact

This is a land-and-licence-focussed acquisition by Adani's data centre JV, giving it a head start in infrastructure development. For Adani Enterprises shareholders, the direct financial impact is limited as the deal sits at the JV level, but it strengthens ACX's growth pipeline.