Mumbai, Nov. 22 -- Adani Enterprises said its joint venture AdaniConneX has signed a share purchase agreement to acquire Trade Castle Tech Park (TCTPPL). The agreement was executed on 21 November 2025.

TCTPPL is a Maharashtra based infrastructure development company. It has an authorised and paid up capital of Rs 1 lakh. It has not begun commercial operations.

The deal is valued at Rs 231.34 crore. The consideration will be paid in cash. The transaction is not a related party deal and needs no regulatory approvals. The company expects to close the acquisition by the end of November 2025.

TCTPPL owns a sizeable land parcel. It has secured key licenses for infrastructure projects. AdaniConneX plans to use the acquisition to develop new f...