AdaniConneX acquires Madhuvanti Build Estate for ₹765.25 crore
AdaniConneX Seals ₹765.25 Crore Acquisition of Madhuvanti Build Estate
On June 11, 2026, Adani Enterprises announced that its joint venture AdaniConneX Private Ltd (ACX) has acquired a 100% equity stake in Madhuvanti Build Estate Ltd (MBEL) for a cash consideration of ₹765.25 crore, with the acquisition completed through a cash transaction.
Strategic Move to Secure Land and Licenses
The deal is structured as an internal reorganization within the wider Adani ecosystem, with AdaniConneX purchasing MBEL from Adani Infra (India) Ltd to secure strategic land and licenses earmarked for future infrastructure facilities. Although MBEL has not started business activities and reported nil turnover, it owns a sizeable land parcel and has already secured key licenses required for infrastructure development, providing ACX with a head start in setting up new infrastructure facilities.
MBEL, incorporated in November 2019, is engaged in infrastructure development activities and holds a significant land bank along with important regulatory licenses, but it has not yet commenced commercial operations.
Accelerating Data Center Expansion
The data center business is highly capital-intensive and time-sensitive, with securing suitable land and obtaining regulatory clearances often being the biggest hurdles in building new data center capacity. By purchasing a company that already holds these assets, AdaniConneX is essentially buying time, with this strategic move expected to speed up the development of its upcoming infrastructure projects.
AdaniConneX has secured a new hyperscale order for 358 MW in Hyderabad, taking its total tied-up capacity to 560 MW, with the Hyderabad data center's first phase, featuring a capacity of 4.8 MW, having become operational, while the company's total operational capacity has reached 55 MW across four data centers.
About AdaniConneX and Adani Enterprises
Adani Enterprises has highlighted AdaniConneX as a key growth vertical focused on data centers and related infrastructure. AdaniConneX Private Ltd is a joint venture between Adani Enterprises Ltd and EdgeConneX. Adani Enterprises stated that the transaction was conducted on an arm's-length basis and does not require any regulatory approvals.
The acquisition reflects Adani Enterprises' broader push into infrastructure and data center development, part of its diversified portfolio spanning energy, logistics, mining services, renewable energy, and integrated resource management sectors across India.