AdaniConneX acquires Trade Castle Tech Park stake
pre-market1 source ↓written by the desknot a recommendation
- in Trade Castle
- 100% stake
- Pvt Ltd
- ₹234.31 cr
AdaniConneX, a joint venture of Adani Enterprises and EdgeConneX, has acquired 100% stake in Trade Castle Tech Park Pvt Ltd for ₹234.31 cr. This acquisition aims to establish infrastructure facilities, crucial for the JV's data center operations. Trade Castle Tech Park, set up in October 2023, has secured essential licenses but has not yet begun commercial operations. 📈
The move strengthens AdaniConneX's position in the data center sector, with existing operations in multiple cities including Chennai and Pune.
Not investment advice. For informational purposes only.