Acquisitions22 Nov 2025, 05:30 am
Adani Enterprises Acquires 100% Stake in Trade Castle Tech Park for INR 231.34 Crore
AI Summary
Adani Enterprises Ltd. has announced the execution of a Share Purchase Agreement (SPA) with Trade Castle Tech Park Private Limited (TCTPPL) and its existing shareholders. The agreement was signed on November 21, 2025, and Adani Enterprises will acquire 100% equity stake in TCTPPL for a purchase consideration of INR 231.34 crore. TCTPPL, incorporated in India, is yet to commence commercial activities but owns a sizeable land parcel and has secured key licenses to commence infrastructure activities. The acquisition is expected to be completed by the end of November 25, 2025.
Key Highlights
- Adani Enterprises to acquire 100% equity stake in Trade Castle Tech Park Private Limited
- Purchase consideration of INR 231.34 crore
- TCTPPL owns a sizeable land parcel and has secured key licenses for infrastructure activities
- Acquisition expected to be completed by end of November 25, 2025
- TCTPPL is yet to commence commercial activities