AdaniConneX Private Limited, a joint venture of Adani Enterprises, has completed the acquisition of 100% stake in Giridhari Build Estate Limited (GBEL) on December 31, 2025. The acquisition was completed for a cash consideration of INR 366.65 crore. GBEL is focused on infrastructure development activities and owns a sizeable land parcel with key licenses to commence such activities.
Acquisition of GBEL Completed
AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises, has successfully acquired 100% of Giridhari Build Estate Limited (“GBEL”) as of December 31, 2025. The information regarding the completion of the acquisition was received by the company on the same day at 7:39 PM.
Details of the Transaction
The acquisition was made for a cash consideration of INR 366.65 crore. With this acquisition, ACX gains 100% equity stake of GBEL.
About Giridhari Build Estate Limited
GBEL is an entity incorporated in India on November 7, 2019. Its primary focus is infrastructure development. Although GBEL has not yet commenced commercial activities, it possesses a significant land parcel and has secured necessary licenses to begin infrastructure activities, providing a head start for ACX. As of the acquisition date, the authorized and paid-up share capital of GBEL were both INR 10,000.
Strategic Rationale
The object of the acquisition is to set up infrastructure facilities. This acquisition is not a related party transaction for Adani Enterprises.
Source: BSE
