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An Adani group joint venture company has acquired infrastructure developer Trade Castle Tech Park, which owns sizeable land parcels, for Rs 231.34 crore. AdaniConneX (ACX), a joint venture of Adani group flagship firm Adani Enterprises Ltd (AEL) and data centre operator EdgeConneX, has executed a share purchase agreement (SPA) on November 21, 2025, with Trade Castle Tech Park (TCTPPL) and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL, AEL said in a stock exchange filing. "The object of acquisition is to set up infrastructure facilities," it said without elaborating. "The acquisition is expected to be completed by the end of November 25, 2025." The purchase consideration for the acquisition is Rs 231.34 crore, AEL said. "TCTPPL is incorporated in India and registered with the Registrar of Companies, Maharashtra, Mumbai, on October 16, 2023, with an object for carrying out infrastructure development activities. While
Adani Group has sold its remaining 7 per cent stake in Adani Wilmar Ltd in a block deal that attracted strong institutional demand. Domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, bought the stake, according to people familiar with the transaction. Several international investors from Singapore, the UAE, and other Asian markets also bought into the clean-out block. Market sources add that Wilmar's long-term institutional partners such as GIC are expected to increase their exposure to AWL as the promoter structure stabilises. Earlier this week, the Adani Group had sold 13 per cent stake in AWL to bring its exposure down to 7 per cent. AWL Agri Business Ltd (formerly Adani Wilmar Ltd) has completed a major shareholder reshaping after Adani Enterprises fully exited its 44 per cent stake, including the final 7 per cent clean-out block placed on November 20 at Rs 275 per share. The total realisat
The Adani Group will invest about Rs 63,000 crore in Assam to build major power projects, including the Northeast's largest private coal-fired plant, and new pumped-storage facilities. In a statement, the conglomerate run by billionaire Gautam Adani said its energy companies have received Letters of Award from the state government for two large power projects in Assam. Adani Power Ltd will put in roughly Rs 48,000 crore to build a 3,200 MW greenfield ultra-super-critical thermal plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The company won the project with a tariff bid of Rs 6.30 per kWh (per unit) and has secured coal linkage under the Centre's SHAKTI policy. The plant will be commissioned in phases from December 2030 and is expected to generate 20,00025,000 jobs during construction and about 3,500 in operations. Adani Green Energy Ltd, the group's renewable energy company, will invest around Rs 15,000 crore in two Pumped Storage Projects (PSPs) with a ..
Adani Group will invest Rs 1 lakh crore over the next decade in Andhra Pradesh, Karan Adani said on Friday. Speaking at Andhra Pradesh Investor Summit, he said the investment will span across ports, cement, data centres, energy and advanced manufacturing. This is over and above the Rs 40,000 crore already invested. Adani, eldest son of billionaire Gautam Adani, unveiled the Group's USD 15-billion Vizag Tech Park vision, which includes building one of the world's largest green-powered hyperscale data-centre ecosystems in partnership with Google. He said existing Adani operations in Andhra Pradesh have already created over one lakh direct and indirect jobs, with more large-scale employment generation planned through upcoming projects.
Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta's bid to make payments in five years, sources said. In early September, mining conglomerate Vedanta Group had beaten Adani Group to emerge as the highest bidder, with an offer of Rs 12,505 crore as net present value (NPV), in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels, and road. Dalmia Cement (Bharat) Ltd, Jindal Power Ltd, and PNC Infratech Ltd did not bid in the auction process. Later, the lenders held negotiations with these five players to enhance the bid value and maximise realisation. On October 14, these five bidders submitted fresh signed resolution plans in sealed envelopes. According to sources, the committee of creditors (CoC) of JAL met last week to deliberate on these comprehens
Adani Airport Holdings Ltd has entered into a collaboration with AIONOS for implementing an artificial intelligence-driven system to provide personalised passenger experience at airports. AIONOS, part of InterGlobe Enterprises, will provide a consistent engagement experience and personalised multilingual support for passengers. Both companies signed a deal in the national capital on Thursday. "The AI-driven solution will act as a 24x7 intelligent concierge, helping travellers access flight updates, gate information, baggage status, directions and airport services instantly in multiple languages," a release said. The services will be offered in English, Hindi and other languages. With AIONOS' agentic AI platform, Adani Airports will be able to engage with customers and staff across multiple touchpoints, including voice, chat, and mobile. Adani Airport Holdings Ltd (AAHL) CEO Arun Bansal said the new AI system will transform the passenger experience. Together with its in-house off
Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 million) debt investment in Adani's Mumbai International Airport, joined by several leading international insurance firms. Apollo Global Management -- Athene's parent company -- in a statement on June 23 stated that its managed funds, affiliates, and other long-term investors had completed a USD 750 million "investment grade rated financing" for Mumbai International Airport Ltd (MAIL). This was Apollo's second large financing for MIAL, following its previous financing that provided operational flexibility to ...
The Odisha government on Saturday approved 33 investment proposals worth Rs 1.46 lakh crore, including Adani Enterprises Limited's coal-to-chemical project. The projects were cleared in the High Level Clearance Authority (HLCA) meeting, chaired by Chief Minister Mohan Charan Majhi and the Single Window Clearance Committee (SLWCA) headed by Chief Secretary Manoj Ahuja. While HLCA approved 12 investment proposals worth Rs 1,41,993.54 crore, which will create 49,745 employment opportunities, the SLWCA approved Rs 4,019.53 crore worth of investments, generating 16,590 employment opportunities. The HLCA approved the projects in the new-age sectoral investments in the ESDM (Electronics System Design and Manufacturing) sector, while ACME Akshay Energy Private Limited has invested in green hydrogen and green ammonia production. Jindal India Power Limited has also invested in the power and renewable energy sector. The Adani Enterprise Limited will set up a coal-to-chemical plant at an ...
Life Insurance Corporation of India (LIC) on Saturday said its investments in Adani group companies have been made independently and in accordance with its board-approved policies, following detailed due diligence. "Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions," LIC said in a statement posted on X. India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Its investment value in India's top 500 companies has grown 10-fold since 2014 -- from Rs 1.56 lakh crore to Rs 15.6 lakh crore -- reflecting strong fund management. "The investment decisions are taken by LIC independently as per Board-approved policies after detailed due diligence," LIC said. "LIC has ensured the highest standards of due diligence and all its investment decisions have been undertaken in compliance with extant policies, provisions in the Acts an
The Congress on Saturday alleged that the savings of Life Insurance Corporation's 30 crore policyholders were systematically misused to benefit the Adani Group and demanded that Parliament's Public Accounts Committee investigate how LIC was forced to make investments in the conglomerate. There was no immediate response from the Adani Group or the government on the Congress' allegations. Congress general secretary in-charge of communications Jairam Ramesh said disturbing revelations have just emerged in the media about how the "Modani joint venture systematically misused the Life Insurance Corporation of India (LIC) and the savings of its 30 crore policyholders". "Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crores of LIC funds in various Adani Group companies in May 2025," he said. The reported goals were to "signal confidence in the Adani Group" and to "encourage participation from other investors", he said in a ..
The Colombo West International Terminal (CWIT) was the largest contributor to Sri Lanka's Foreign Direct Investment inflows during the first nine months on this year, investing USD 229 million in state-of-the-art port infrastructure, the Board of Investment said on Tuesday. The CWIT is an investment from Adani International Port Holdings Pte Ltd (India) and John Keells Holdings PLC in partnership with the Sri Lanka Ports Authority. The Board of Investment (BOI) announced that Foreign Direct Investment inflows including foreign commercial loans for investments to BOI-approved enterprises have reached USD 827 million during the period January to September 2025, marking a remarkable 138 per cent increase compared to the corresponding value during the period in 2024. It said that the CWIT invested USD 229 million in "state-of-the-art port infrastructure under a strategic development agreement". It will expand the port's capacity by 3.2 million twenty-foot equivalent units (TEUs), ...