Adani Enterprises’ JV AdaniConneX acquires 100% stake in Trade Castle Tech Park

Adani Enterprises’ joint venture company AdaniConneX has acquired a 100 per cent stake in Trade Castle Tech Park Pvt Ltd for Rs 234.31 crore. In an exchange filing, Adani Enterprises said that the object of the acquisition is to set up infrastructure facilities.

Furthermore, the company stated that Trade Castle Tech Park is yet to commence any commercial operations as it was set up in October 2023. it t owns a sizeable land parcel and has secured key licenses to commence infrastructure activities, which would be important for AdaniConneX operations.