Acquisition completed for ₹1,085.51 crore

AdaniConneX Private Limited, a joint venture between Adani Enterprises Limited and EdgeConneX, has completed the acquisition of the entire equity stake in Vizag Mega Data Center Park Limited for ₹1,085.51 crore.

The share purchase agreement was signed on November 5, 2026, with Adani Infra (India) Limited as the seller. Adani Enterprises informed the stock exchanges on November 8 that the acquisition had been completed and that Vizag Mega Data Center Park Limited had become part of its joint venture structure.

The transaction was carried out through cash consideration against shares and involved the transfer of 100% ownership.

Land and licences for data centre development

Vizag Mega Data Center Park Limited was incorporated on February 3, 2026, as an infrastructure development company. According to the company's regulatory disclosure, it owns a sizeable land parcel and has secured key licences required for infrastructure development activities.

The acquisition is intended to support the development of infrastructure facilities and provide AdaniConneX with a starting point for expanding its data centre infrastructure in Visakhapatnam.

Data centre is not yet operational

Despite the acquisition being completed, the proposed data centre infrastructure has not yet become operational. The acquired company had reported nil turnover and had not commenced commercial activities at the time of the transaction disclosure.

The company has not publicly specified the planned data centre capacity, electricity requirement, construction schedule, commissioning date or prospective customers through the cited disclosure.

Therefore, the acquisition should be understood as a purchase of a development-stage infrastructure company with land and licences, rather than the purchase of an already functioning data centre.

What this means for Visakhapatnam

The transaction represents a significant investment in Visakhapatnam's future digital infrastructure potential. Data centres support cloud computing, artificial intelligence, digital services and enterprise technology operations.

The acquisition could contribute to the development of Visakhapatnam as a data centre destination, although the actual economic impact will depend on subsequent investment, construction, infrastructure development and operational plans.