AdaniConneX Private, a joint venture of Adani Enterprises, has signed an agreement to acquire a 100% stake in Vizag Mega Data Center Park for ₹1,085.51 crore on Friday, November 6.
Adani Enterprises JV to buy 100% stake in Vizag data centre park for ₹1,085 crore
AdaniConneX executed a Share Purchase Agreement (SPA) with Vizag Mega Data Center Park and Adani Infra (India), the seller, on November 5, 2026.
The acquisition will be made through a cash consideration against shares and is expected to be completed by November 10, 2026, the filing said.
Vizag Mega Data Center Park is engaged in infrastructure development activities. Incorporated on February 3, 2026, the company is yet to commence commercial operations and has reported no turnover.
However, the target company owns a sizeable land parcel and has secured key licences required to commence infrastructure activities. This is expected to give AdaniConneX a head start in setting up infrastructure facilities, according to the filing.
The acquisition is not classified as a related-party transaction for Adani Enterprises under SEBI’s Listing Obligations and Disclosure Requirements (LODR). However, the target entity is directly or indirectly controlled by the promoter or promoter group of the company. The transaction has been undertaken on an arm’s-length basis.
No governmental or regulatory approvals are required for the acquisition, as per filing.
Shares of Adani Enterprises were trading 1.47% lower at ₹2,693 apiece on the NSE at 12:39 pm on November 6. The stock has declined 5.5% over the past month but has gained 19.2% so far this year.
Adani Enterprises Q2 results
Recently, Adani Enterprises reported a 75.1% year-on-year (YoY) increase in revenue from operations to ₹37,215 crore for the September quarter of FY27. However, its profit after tax (PAT) declined 54.8% to ₹1,492 crore.
The year-ago quarter’s profit included an exceptional gain of ₹3,583 crore, which was absent in the September 2026 quarter.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 65.9% YoY to ₹5,651 crore, compared with ₹3,407 crore in the corresponding quarter last year.
However, the EBITDA margin contracted by 80 basis points to 15.2% from 16% a year earlier.
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