AdaniConneX Private Limited (ACX), a joint venture of the Adani Group, has successfully acquired a 100% stake in Granthik Realtors Private Limited (GRPL) for a cash consideration of Rs 85.99 crore. The acquisition was completed on June 26, 2025, following the execution of a Share Purchase Agreement (SPA) with Windson Projects LLP and its nominees, with confirmation received at 5:30 p.m. IST on the same day.
GRPL, incorporated on May 7, 2023, in Mumbai, is engaged in infrastructure development but has not yet commenced commercial operations. The company holds a significant land parcel and has obtained key regulatory approvals, positioning it as a strategic asset for future infrastructure development projects by ACX.
According to disclosures, GRPL has an authorised share capital of Rs 10 lakh and a paid-up capital of Rs 1 lakh. The acquisition does not fall under related party transactions, and none of the promoters or group companies of AdaniConneX have any interest in the acquired entity. No governmental or regulatory approvals were required for the transaction.
This acquisition aligns with ACX's strategic objective of expanding its infrastructure footprint across India. The transaction reinforces the company's focus on long-term growth by acquiring assets with development potential in core business areas.