AdaniConneX Signs Deal to Buy Trade Castle Tech Park for Rs 231.34 Crore

Overview

• AdaniConneX executed a share purchase agreement on November 21, 2025 to acquire 100% of Trade Castle Tech Park.
• The purchase price is Rs 231.34 crore, with completion expected by the end of November 25, 2025.
• The agreement was signed with TCTPPL and its existing shareholders Shree Naman Developers and Jayesh Shah.
• TCTPPL, incorporated on October 16, 2023 in Maharashtra, has not begun commercial operations but holds a sizable land parcel and key licences.
• AdaniConneX is a 50:50 joint venture between Adani Enterprises and EdgeConneX that operates data centres in Chennai, Navi Mumbai, Noida, Pune and Hyderabad as it builds a 1 GW national platform.