AEAdani Enterprises512599Acquisition deal news

JV signs share purchase agreement to buy 100% of Vizag Mega Data Center Park for INR 1085,51,42,595

AdaniConneX, the company's joint venture, signed a Share Purchase Agreement on November 5, 2026 to buy 100% of Vizag Mega Data Center Park Limited from Adani Infra (India) Limited for INR 1085,51,42,595 in cash.

By ScoutQuest · Fri 6 Nov 2026, 12:14 PM IST · 2 min read

Purchase Consideration

INR 1085,51,42,595

Stake Acquired

100% equity stake in Vizag Mega Data Center Park Limited

Expected Completion

by November 10, 2026

What the update says

• AdaniConneX Private Limited (ACX), a joint venture of the company, executed a Share Purchase Agreement on November 5, 2026 with Vizag Mega Data Center Park Limited (VMDCPL) and Adani Infra (India) Limited as the Seller.
• The agreement is to acquire 100% equity stake in VMDCPL.
• The company received this information on November 06, 2026 at 11:49 AM.

Deal terms

• Purchase consideration: INR 1085,51,42,595.
• Consideration type: cash consideration against shares.
• Stake being bought: 100% equity stake of VMDCPL by ACX.
• Expected completion: by November 10, 2026.
• Governmental or regulatory approvals required for the acquisition: No.
• The transaction has been done at arms' length basis.
• The acquisition by ACX is not a related party transaction for the company, as per SEBI LODR.
• The target entity is controlled, directly or indirectly, by the promoter or promoter group of the company.

About the company being bought

• Vizag Mega Data Center Park Limited is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 3rd February 2026.
• Its stated object is carrying out infrastructure development activities.
• Authorised share capital: INR 1,00,000/-; paid-up share capital: INR 1,00,000/-.
• Turnover: Nil, as the entity is yet to commence commercial activities.
• It owns a sizeable land parcel and has secured key licences to commence infrastructure activities.

Why the buyer says it is doing this

• The object of the acquisition is to set up infrastructure facilities.
• The update states that the land parcel and the key licences already secured would give a head start to ACX.

What this means in simple terms

• A joint venture of the company is paying a little over Rs. 1,085 crore in cash to take full ownership of a young, pre-revenue entity.
• The attraction is not current earnings, which are Nil, but the land bank and the licences the entity already holds, which can shorten the time needed to start infrastructure work.
• The buyer and the seller sit within the same wider promoter group, but the company states the deal is at arms' length and is not a related party transaction for it under SEBI LODR.
• The consideration is cash, so it is a cash outflow for the joint venture, not a share swap.

What to watch

• Completion is expected by November 10, 2026, so the next checkpoint is confirmation that the transaction has closed.
• Since the target is pre-revenue, the financial contribution will depend on how quickly the land and licences are converted into operating data centre infrastructure.

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