AdaniConneX Acquires 100% Stake in Madhuvanti Build Estate for ₹765 Crore
AdaniConneX, a joint venture of Adani Enterprises, acquired 100% stake in Madhuvanti Build Estate Limited for ₹765.25 crore. The acquisition aims to establish infrastructure facilities. MBEL holds land parcels and licenses for future operations.
The acquisition involves a substantial amount of ₹765.25 crore and is strategic for the growth of AdaniConneX in infrastructure development, thus having a medium-term impact on the company's expansion.
The acquisition is positive as it expands the infrastructure development capabilities of AdaniConneX, a joint venture of the company, by acquiring a company with significant land and licenses.
Adani Enterprises Limited (AEL) has announced that its joint venture, AdaniConneX Private Limited (ACX), has successfully acquired a 100% equity stake in Madhuvanti Build Estate Limited (MBEL). The acquisition was made from Adani Infra (India) Limited, the seller.
MBEL, incorporated on November 11, 2019, is involved in infrastructure development activities. Although MBEL has yet to commence commercial operations, it possesses a significant land parcel and has secured essential licenses for infrastructure activities, which will provide a strategic advantage to ACX. The authorized and paid-up share capital of MBEL is ₹10,000 each, and its turnover is currently nil.
The acquisition was completed on June 11, 2026, with a cash consideration of ₹765.25 crore. The transaction is not considered a related party transaction for Adani Enterprises Limited as per SEBI LODR provisions. However, the target entity is indirectly controlled by the promoter/promoter group of Adani Enterprises Limited, and the transaction has been conducted on an arm's length basis.
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Adani Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Enterprises Limited. Read the original for the full detail.