AdaniConneX Acquires 100% Stake in Giridhari Build Estate for ₹366.65 Crore
Adani Enterprises Limited announced that its joint venture, AdaniConneX Private Limited (ACX), has successfully acquired a 100% stake in Giridhari Build Estate Limited (GBEL). The acquisition was comp...
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Why is Adani Enterprises Limited in the news today?
Adani Enterprises Limited (ADANIENT) is in the news due to the acquisition of a company with strategic land and licenses is a positive development for the joint venture's infrastructure development goals.
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AdaniConneX Acquires 100% Stake in Giridhari Build Estate for ₹366.65 Crore
January 1, 2026, 08:53 AM
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Adani Enterprises Limited announced that its joint venture, AdaniConneX Private Limited (ACX), has successfully acquired a 100% stake in Giridhari Build Estate Limited (GBEL). The acquisition was completed on December 31, 2025, with the company receiving notification on the same day at 7:39 PM.
GBEL, incorporated in India on November 7, 2019, is involved in infrastructure development activities. Although GBEL has yet to commence commercial operations, it possesses a significant land parcel and has secured essential licenses for infrastructure projects, which will provide ACX with a strategic advantage. The acquisition was executed at a cash consideration of ₹366.65 crore.
This transaction is not considered a related party transaction for Adani Enterprises Limited. The primary objective of this acquisition is to establish infrastructure facilities. GBEL's authorized and paid-up share capital is ₹10,000 each. No specific governmental or regulatory approvals were required for this acquisition.
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