M&A

M&A

AdaniConneX acquires infra development co. Trade Castle Tech Park for Rs.231-Cr

PTI  

AdaniConneX, a joint venture of Adani Enterprises, has signed a deal with Shree Naman Developers Pvt Ltd and Jayesh Shah to acquire a 100% stake in Thane-based Trade Castle Tech Park Pvt Ltd (TCTPPL) for INR 231.34 crore.TCTPPL owns a sizeable land parcel and has secured licences to commence infrastructure activities.AdaniConneX is a joint venture between Adani Group and data centre operator EdgeConneX formed to empower digital India with 1 GW of data centre capacity over the next decade. The company operates data centers across Chennai, Navi Mumbai, Noida, Pune and Hyderabad.