AdaniConneX Acquires Granthik Realtors for Rs 86 Crore to Accelerate Infrastructure Expansion
Acquisition Provides Access to Land Assets, Key Licenses for Fast-Track Project Development
Strategic Acquisition for Infrastructure Growth
AdaniConneX Pvt Ltd, a joint venture between Adani Enterprises Ltd (AEL) and its partners, has acquired a 100% stake in Granthik Realtors Pvt Ltd for Rs 85.99 crore. The transaction was finalized on June 26, 2025.
- Deal structure: The acquisition was executed via a share purchase agreement with Windson Projects LLP and its nominees, fully paid in cash.
- Purpose: This move is intended to bolster AdaniConneX’s infrastructure development plans by providing immediate access to strategic land assets and essential regulatory licenses.
Granthik Realtors’ Role and Assets
- Background: Granthik Realtors, registered in Mumbai in May 2023, operates in the infrastructure development space but is yet to start commercial operations.
- Key assets: The company holds valuable land parcels and licenses, positioning AdaniConneX to expedite project execution and support future infrastructure initiatives.
Alignment with AdaniConneX’s Expansion Strategy
- Growth focus: The acquisition supports AdaniConneX’s stated objective of expanding infrastructure capabilities through strategic asset acquisitions, enabling faster rollout of new projects.
- Non-related party: The deal does not fall under related-party transaction norms, ensuring regulatory transparency.
Outlook
With the completion of this acquisition, AdaniConneX is well-placed to accelerate the development of key infrastructure projects, leveraging Granthik’s assets to maintain its momentum in India’s rapidly evolving infrastructure sector.
