AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises Limited has completed the acquisition of a 100% equity stake in Vizag Mega Data Centre Park Limited (VMDCPL). The transaction was completed in accordance with the terms of the Share Purchase Agreement signed on 05th November, 2026.
The acquisition follows the agreement between AdaniConneX, Vizag Mega Data Centre Park Limited and Adani Infra (India) Limited, the seller. The purchase consideration for the transaction was ₹1,085.51 crore.
With the completion of the acquisition, Vizag Mega Data Centre Park Limited has become a joint venture of Adani Enterprises.
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Land and Licences Provide a Head Start for Infrastructure Development
An important aspect of the acquisition is the infrastructure development potential of the acquired company. Incorporated on February 3, 2026, Vizag Mega Data Centre Park Limited was established with the objective of undertaking infrastructure development activities.
Although the company had not commenced commercial operations at the time of the announcement, it owns a sizeable land parcel and has secured key licences to commence infrastructure activities.
These assets are expected to provide AdaniConneX with a head start in developing infrastructure through the acquired entity.
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Acquisition Completed Ahead of Expected Timeline
Adani Enterprises informed the stock exchanges on 08th November, 2026 that AdaniConneX had completed the acquisition in accordance with the terms of the Share Purchase Agreement.
The company had earlier indicated that the transaction was expected to be completed by 10th November, 2026. The announcement on 08th November confirms that the acquisition has now been completed.
Following the transaction, Vizag Mega Data Centre Park Limited has become a joint venture of Adani Enterprises.
Transaction Details
The key details of the acquisition are as follows:
What Lies Ahead for Vizag’s Data Centre Infrastructure?
The acquisition marks an important development in AdaniConneX’s infrastructure development plans in Visakhapatnam. Securing full ownership of a company that already holds a sizeable land parcel and key licences provides a foundation for taking forward infrastructure development activities.
With the acquisition now complete, the next stage will be to watch how AdaniConneX advances infrastructure development through Vizag Mega Data Centre Park Limited.
