AdaniConneX Private Limited, a joint venture of Adani Enterprises, has signed a Share Purchase Agreement to acquire a 100% stake in Vizag Mega Data Center Park Limited. The target entity is involved in infrastructure development and is poised to commence commercial activities. This acquisition signifies Adani’s continued investment in the burgeoning data center sector, with the deal expected to close by November 10, 2026.
AdaniConneX Acquires Vizag Mega Data Center Park
Adani Enterprises Limited announced that its joint venture, AdaniConneX Private Limited (‘ACX’), has entered into a Share Purchase Agreement (‘SPA’) to acquire a 100% equity stake in Vizag Mega Data Center Park Limited. The agreement was executed on November 5, 2026, with Adani Infra (India) Limited acting as the seller.
Strategic Expansion into Data Centers
Vizag Mega Data Center Park Limited is engaged in infrastructure development activities. Although the entity is yet to commence commercial operations, it possesses a sizable land parcel and has secured key licenses, positioning ACX for a strong entry into the data center market. The objective of this acquisition is to establish crucial infrastructure facilities.
Deal Details
The acquisition is not considered a related party transaction for Adani Enterprises Limited. The target entity is controlled by the promoter/promoter group of Adani Enterprises and the transaction has been conducted on an arms’ length basis. The consideration for the acquisition is INR 1085,51,42,595, with the transaction expected to be completed by November 10, 2026.
Vizag Mega Data Center Park Limited was incorporated in India on 3rd February 2026. While its turnover is currently Nil, the company’s strategic location and secured assets are expected to provide a significant head start for AdaniConneX’s infrastructure development plans.
Source: BSE
