Acquisitions1 Jan 2026, 02:16 pm
Adani Enterprises Acquires Giridhari Build Estate Limited for INR 366.65 Crore
AI Summary
Adani Enterprises Ltd has completed the acquisition of 100% stake of Giridhari Build Estate Limited (GBEL) by its joint venture, AdaniConneX Private Limited (ACX). The acquisition was completed on December 31, 2025, for a consideration of INR 366.65 crore. GBEL, incorporated in India in 2019, is yet to commence commercial activities but owns a sizeable land parcel and has secured key licenses for infrastructure development. This acquisition will allow ACX to set up infrastructure facilities and gain a head start in the industry.
Key Highlights
- Adani Enterprises Ltd has acquired 100% stake of Giridhari Build Estate Limited (GBEL) through its joint venture, AdaniConneX Private Limited (ACX)
- The acquisition was completed on December 31, 2025, for a consideration of INR 366.65 crore
- GBEL, incorporated in India in 2019, is yet to commence commercial activities but owns a sizeable land parcel and has secured key licenses for infrastructure development
- This acquisition will allow ACX to set up infrastructure facilities and gain a head start in the industry