AdaniConneX acquires Trade Castle Tech Park for <span class='rupeeNews'>R<span>s</span></span> 231.34 cr

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25 November 2025 00:00:00

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AdaniConneX acquires Trade Castle Tech Park for Rs 231.34 cr	Share Back
(22 Nov 2025)
AdaniConneX (ACX), a joint venture of the Company has executed a Share Purchase Agreement (SPA) on 21 November 2025 with Trade Castle Tech Park (TCTPPL) and Shree Naman Developers and Jayesh Shah (“existing shareholders” of TCTPPL) to acquire 100% stake in TCTPPL. The acquisition has been done at a purchase price of Rs 231.34 crore and is expected to close by 25 November 2025. While TCTPPL is yet to commence commercial activities, it owns a sizeable land parcel and have secured key licenses to commence infrastructure activities, which would give a head start to ACX.
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