Adani Enterprises Limited announced that its joint venture, AdaniConneX Private Limited (ACX), has successfully acquired a 100% equity stake in Madhuvanti Build Estate Limited (MBEL). The acquisition was made from Adani Infra (India) Limited. MBEL, which is yet to commence commercial activities, owns a significant land parcel and has secured necessary licenses for infrastructure development, providing a strategic advantage for ACX’s future operations.
Acquisition of Madhuvanti Build Estate Limited
Adani Enterprises Limited (AEL) has disclosed a significant development through its joint venture, AdaniConneX Private Limited (ACX). ACX has completed the acquisition of a 100% equity stake in Madhuvanti Build Estate Limited (MBEL). The seller in this transaction was Adani Infra (India) Limited. This acquisition was formally communicated to AEL on June 11, 2026, at 7:10 PM.
Details of the Target Entity
Madhuvanti Build Estate Limited (MBEL) is engaged in infrastructure development activities. As of the reporting date, MBEL has an authorized and paid-up share capital of INR 10,000/- each. The entity has reported nil turnover as it is yet to commence its commercial activities. MBEL was incorporated in India on November 11, 2019, with its registered office in Ahmedabad.
Strategic Rationale and Transaction Details
The primary objective of this acquisition is to establish and develop infrastructure facilities. While MBEL is yet to commence its business operations, it possesses a sizable land parcel and has obtained key licenses essential for initiating infrastructure activities. This strategic asset acquisition is expected to give ACX a significant head start in its endeavors. The transaction was conducted on an arms’ length basis and is not considered a related party transaction for Adani Enterprises Limited, adhering to SEBI LODR provisions.
Consideration and Completion
The acquisition was finalized through a cash consideration. The total purchase price for the 100% equity stake of MBEL amounted to INR 765.25 crores. The transaction has been successfully completed, with no specific governmental or regulatory approvals being required for this acquisition.
Future Outlook
This strategic acquisition by AdaniConneX is expected to bolster its position in the infrastructure development sector. The acquired entity’s assets and licenses provide a foundation for accelerated growth and operational readiness for ACX. The detailed information regarding this acquisition has been furnished as per Regulation 30 of the SEBI Listing Regulations.
Source: BSE
