AdaniConneX to take full control of Vizag data-centre land firm for ₹1,085 crore

AdaniConneX Private Limited, the joint venture of Adani Enterprises Limited and EdgeConneX, signed a share purchase agreement on 5 November 2026 to buy the entire equity of Vizag Mega Data Center Park Limited for ₹1,085.51 crore, payable in cash. Adani Enterprises told stock exchanges about the deal on 6 November 2026. The seller is Adani Infra (India) Limited, which is also AdaniConneX's partner in the venture. The filing says the deal is expected to complete by 10 November 2026.

What is being bought

The target was incorporated on 3 February 2026 and is registered with the Registrar of Companies, Gujarat, at Ahmedabad. Its authorised and paid-up share capital is ₹1 lakh each. It has nil turnover and has not started commercial operations. It is a land-and-licence holding company, not a sale project, so no plots or apartments are offered to buyers.

The filing says the target owns a sizeable land parcel and holds key licences to start infrastructure work, which it says gives AdaniConneX a head start. The land area is not stated. The filing also does not explain how the price was set. At the European Central Bank's reference rate of 93.92 rupees per dollar on 6 November 2026, the price is about $115.6 million, by our arithmetic. The stated purpose is to set up infrastructure facilities.

Adani Enterprises said the deal is not a related party transaction under SEBI's listing rules and was done on an arm's length basis. The filing says the target is controlled, directly or indirectly, by the promoter group. The company has not disclosed the funding source, the asset valuation, planned spending after closing or expected returns.

Where it fits in the Visakhapatnam build-out

AdaniConneX lists a potential capacity of 1 GW IT load for its Visakhapatnam campus, with Phase 1 ready for service by December 2028. This builds on a partnership with Google announced on 14 October 2025 for an AI data centre campus in the city. Google has described its Visakhapatnam AI hub as an investment of about $15 billion over five years, from 2026 to 2030. Construction began after a groundbreaking on 28 April 2026.

The company's 2026 data-centre page says AdaniConneX runs more than 55 MW of live capacity across India. Chennai 1 Phase 1 is live at 17 MW IT load, and Noida Phase 1 (10 MW) and Hyderabad (9.6 MW) have also gone live. Environmental activists have raised concerns about the campus sites' proximity to the Mudasarlova Reservoir, which supplies drinking water to Visakhapatnam, and the nearby Kambalakonda Wildlife Sanctuary. The company says the campuses are designed for air cooling. The final capacity, schedule and total investment for this particular site have not been announced.

What buyers and investors should watch

For homebuyers, the deal changes nothing directly, because no homes are being sold. For Adani Enterprises investors, the disclosed financial effect is the cash outflow and full ownership of the target's land and licences. The target has nil turnover, so the filing shows no immediate revenue contribution. The filing also states that no governmental or regulatory approvals are required for closing.

• Completion of the share transfer, expected by 10 November 2026.
• Any disclosure of land area, capacity and construction schedule for this site.
• Post-closing capital spending and how it will be funded.
• Progress towards Phase 1 readiness in December 2028.