AdaniConneX Completes Rs 231.34 Crore Trade Castle Tech Park Acquisition

Overview

• Adani Enterprises disclosed that TCTPPL is now a step-down joint venture after AdaniConneX acquired 100% of the company.
• The purchase follows a November 21, 2025 share purchase agreement with sellers Shree Naman Developers and Jayesh Shah.
• TCTPPL was incorporated on October 16, 2023 in Maharashtra and has yet to commence commercial operations.
• The company says the asset brings sizable land parcels and key licences intended to accelerate infrastructure development, with project specifics not yet detailed.
• AdaniConneX, a 50:50 venture with EdgeConneX, operates data centres in Chennai, Navi Mumbai, Noida, Pune and Hyderabad as it builds a national platform.