News ArticleAdaniConneX Acquires 100% Stake in Vizag Mega Data Center Park for INR 1085.51 Crores to Boost Infrastructure Development
Acquisition to complete by November 10, 2026, with cash consideration and no regulatory approvals required
Adani Enterprises Limited announced that its joint venture, AdaniConneX Private Limited, has signed a Share Purchase Agreement to acquire 100% equity stake in Vizag Mega Data Center Park Limited for INR 1085,51,42,595. The acquisition aims to establish key infrastructure facilities and is expected to complete by November 10, 2026.
Adani Enterprises Limited
Acquisition / Amalgamation / Merger / Demerger
Adani Enterprises Limited's joint venture, AdaniConneX Private Limited, has signed a Share Purchase Agreement to acquire the entire equity stake of Vizag Mega Data Center Park Limited for INR 1085,51,42,595, targeting the development of infrastructure facilities. The acquisition is scheduled to complete by November 10, 2026.
Vizag Mega Data Center Park Limited, incorporated on February 3, 2026, holds significant land and key licenses for infrastructure development but has not yet commenced commercial activities.
The acquisition is not a related party transaction for Adani Enterprises Limited under SEBI regulations, although the target is controlled by the promoter group. The deal was conducted on an arm's length basis.
The payment for the acquisition will be entirely in cash, and no governmental or regulatory approvals are required for closing the transaction.
This acquisition aligns with AdaniConneX's objectives to strengthen infrastructure capacity, leveraging the sizeable land and approvals already secured by Vizag Mega Data Center Park Limited.
Highlights
- Acquisition of 100% equity stake by AdaniConneX Private Limited from Adani Infra (India) Limited.
- Purchase consideration set at INR 1085,51,42,595 in cash.
- Vizag Mega Data Center Park Limited incorporated in February 2026 with no turnover to date.
- No regulatory approvals required for this transaction.
- Expected completion date of the acquisition is November 10, 2026.
Key Data Snapshot
What happened
- AdaniConneX Private Limited, a joint venture of Adani Enterprises Limited, signed a Share Purchase Agreement on November 5, 2026, to acquire 100% stake in Vizag Mega Data Center Park Limited.
- The acquisition consideration amounts to INR 1085,51,42,595 and will be paid in cash.
- The acquisition is expected to be completed by November 10, 2026.
Key details
- Vizag Mega Data Center Park Limited was incorporated on February 3, 2026, with an authorised and paid-up share capital of INR 1,00,000 each.
- The company is yet to commence commercial operations but holds significant land and approvals for infrastructure development.
- The transaction is not classified as a related party transaction under SEBI regulations but involves entities controlled by the promoter group of Adani Enterprises Limited.
- No governmental or regulatory approvals are required for this acquisition.
Highlights
- Acquisition of 100% equity stake by AdaniConneX Private Limited from Adani Infra (India) Limited.
- Purchase consideration set at INR 1085,51,42,595 in cash.
- Vizag Mega Data Center Park Limited incorporated in February 2026 with no turnover to date.
- No regulatory approvals required for this transaction.
- Expected completion date of the acquisition is November 10, 2026.
Disclosures
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
The target is controlled directly or indirectly by the promoter/promoter group of Adani Enterprises Limited, but acquisition by AdaniConneX is not a related party transaction under SEBI LODR.
Target entity is controlled by the promoter/promoter group of the Company.
More News on Acquisition / Amalgamation / Merger / Demerger
View allLatest corporate announcements and market updates in Acquisition / Amalgamation / Merger / Demerger.
Prime Focus Subsidiary Increases Stake in Spanish Animation Studio Ánima by 2.41% with INR 33.04 Crore Investment
Prime Focus Limited's indirect subsidiary, Double Negative Films Limited (DNFL), has acquired an additional 31,18,865 shares in Spanish animation company Ánima Kitchent Canarias, S.L., increasing its stake by 2.41% and bringing total holding to 50.86%.
Read Full Story
Go Digit General Insurance Secures Shareholder Approval for Amalgamation with Go Digit Infoworks Services
Go Digit General Insurance Limited announced the approval of its Scheme of Amalgamation with Go Digit Infoworks Services Private Limited by its equity shareholders, complying with the National Company Law Tribunal's August 13, 2026 order. The approval was secured in a meeting held via video conferencing on November 5, 2026, with strong majority support including from public shareholders.
Read Full Story
Nuvama Wealth Management Q2 FY27 PAT Up 26% to ₹319 Crore with Client Assets Reaching ₹5.5 Trillion
Nuvama Wealth Management Limited posted a 26% year-on-year increase in profit after tax (PAT) to ₹319 crore for the quarter ended September 30, 2026, underpinned by robust growth in its wealth management and asset services segments, as client assets rose 25% to ₹5.5 trillion.
Read Full Story
