The company has acquired a 100% equity stake in Granthik Realtors Private Ltd (GRPL) from Windson Projects and its nominees.
The acquisition was executed through a Share Purchase Agreement (SPA) on June 26, 2025. This transaction aligns with the joint venture’s stated goal of expanding its footprint in the infrastructure development segment.
GRPL is yet to commence commercial activities, and the entity has been formed with the objective of undertaking infrastructure development projects. GRPL holds a sizable land parcel and has secured key licenses necessary to begin development operations.
These assets are expected to facilitate a head start for ACX in infrastructure project execution.
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The authorised share capital of GRPL stands at Rs 10 lakh, while its paid-up capital is Rs 1 lakh. The acquisition has been executed through a cash consideration in exchange for shares, and GRPL will now operate under the full control and ownership of AdaniConneX.The stated objective of the acquisition is the development of various infrastructure facilities. With this acquisition, ACX aims to strengthen its capabilities in the infrastructure space by leveraging the assets and approvals already in place with GRPL.According to a regulatory filing, the acquisition does not fall under related party transactions and has been conducted at arm’s length.
On Thursday, Adani Enterprises shares closed 2.3% higher at Rs 2,586 on the BSE.
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