Summary of Event

AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises Limited, executed a Share Purchase Agreement (SPA) on November 5, 2026, with Vizag Mega Data Center Park Limited (VMDCPL) and Adani Infra (India) Limited (the Seller). The agreement is for the acquisition of a 100% equity stake in VMDCPL. The company received this information on November 6, 2026, at 11:49 AM.

Details of the Target Entity (Vizag Mega Data Center Park Limited)

  • Name: Vizag Mega Data Center Park Limited
  • Authorised Share Capital: ₹1,00,000
  • Paid-up Share Capital: ₹1,00,000
  • Turnover: Nil (The entity is yet to commence commercial activities)
  • Industry: Infrastructure development activities.
  • Date of Incorporation: February 3, 2026, registered with the Registrar of Companies, Gujarat at Ahmedabad.
  • Background: While yet to commence business operations, VMDCPL owns a sizeable land parcel and has secured key licenses to commence infrastructure activities.

Transaction Details

  • Acquisition Stake: 100% of the equity share capital of VMDCPL.
  • Consideration Type: Cash consideration against shares.
  • Cost of Acquisition: Purchase consideration of ₹1,085,51,42,595 (One Thousand Eighty-Five Crore Fifty-One Lakh Forty-Two Thousand Five Hundred Ninety-Five Rupees).
  • Expected Completion Date: The acquisition is expected to be completed by November 10, 2026.

Related Party & Governance Aspects

  • The acquisition by ACX is not a related party transaction for Adani Enterprises Limited as per the provisions of SEBI LODR.
  • The target entity, VMDCPL, is controlled, directly or indirectly, by the promoter/promoter group of Adani Enterprises Limited.
  • The transaction has been done on an arms' length basis.

Objects and Regulatory Approvals

  • Object of Acquisition: To set up infrastructure facilities.
  • Governmental/Regulatory Approvals: None are required for this acquisition.

Disclosure Reference

This disclosure is made in compliance with Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

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