Originals · Startup · Startups & Fintech
AdaniConneX completes Rs 1,085 Cr purchase of Vizag Mega Data Center Park from Adani Infra
The Adani and EdgeConneX joint venture now owns all of a Vizag data centre park company that has land and key licences but no operations or revenue yet. The seller is a promoter group entity.
AdaniConneX Private Limited, the 50:50 joint venture of Adani Enterprises and EdgeConneX, has completed its acquisition of 100% of Vizag Mega Data Center Park Limited (VMDCPL) from Adani Infra (India) Limited. Adani Enterprises told BSE and NSE in a filing dated November 8, 2026 that the deal closed in line with the share purchase agreement, and that VMDCPL has now become a joint venture of the company. ET Now reported the completion on November 9.
The price was set two days earlier. When the agreement was disclosed on November 6, CNBC-TV18 reported from the filing that AdaniConneX would pay a cash consideration of Rs 1,085.51 crore, that the share purchase agreement was executed on November 5, and that completion was expected by November 10. The deal closed ahead of that date.
What AdaniConneX is buying is a head start rather than a running business. According to the filing details reported by CNBC-TV18, VMDCPL was incorporated on February 3, 2026, has not started commercial operations and has reported no turnover. It does own a sizeable land parcel and has secured key licences needed to begin infrastructure work, which the filing said should help AdaniConneX move faster in setting up facilities.
There is a governance angle worth noting. The seller sits inside the Adani group, and the filing said the target is directly or indirectly controlled by the promoter or promoter group. Even so, the purchase is not classified as a related party transaction for Adani Enterprises under SEBI's listing rules, was described as done at arm's length, and needed no government or regulatory approval, CNBC-TV18 reported.
The move fits AdaniConneX's wider data centre push, which bharat.digital covered earlier when reports said the venture was in talks for a roughly $1.5 billion offshore loan. The filings do not say how much capacity the Vizag site will host, when building will start or who the customers will be, so those remain open questions.
