Home / Business and Economy / AdaniConneX Buys Trade Castle for Rs 231 Crore
AdaniConneX Buys Trade Castle for Rs 231 Crore
2 Dec
Summary
- AdaniConneX acquired 100% stake in Trade Castle Tech Park.
- The deal for the infrastructure developer was valued at Rs 231.34 crore.
- Trade Castle Tech Park owns land and has licenses for infrastructure.
AdaniConneX, the data centre joint venture between Adani Enterprises Ltd and EdgeConneX, has finalized its acquisition of Trade Castle Tech Park Pvt Ltd (TCTPPL). The transaction, valued at Rs 231.34 crore, grants AdaniConneX complete ownership of TCTPPL, an Indian infrastructure development company.
TCTPPL, though yet to commence commercial operations, holds substantial land assets and has secured necessary licenses for infrastructure activities. This acquisition provides AdaniConneX with a significant head start in establishing new facilities, aligning with its broader strategy to expand its national data centre platform.
As a 50:50 joint venture, AdaniConneX is committed to developing a 1 GW data centre infrastructure across India over the next decade. With existing operations in major cities, this latest acquisition signifies a strategic expansion, further solidifying its market presence.
