Adani Enterprises announced that its joint venture AdaniConneX Private Limited has successfully completed the acquisition of 100% stake in Giridhari Build Estate Limited for ₹366.65 crores. The transaction was completed on December 31, 2025, with the disclosure made under Regulation 30 of SEBI Listing Regulations.

Official Regulatory Filing

The company filed detailed disclosure documents with BSE Limited and National Stock Exchange of India Limited, providing comprehensive information about the acquisition as required under SEBI regulations. The information was received by Adani Enterprises on December 31, 2025 at 7:39 PM, with the official filing completed on January 1, 2026.

Transaction Overview

The acquisition represents a strategic move by AdaniConneX Private Limited (ACX) to expand its infrastructure development capabilities through a cash consideration transaction.

Target Company Profile

Giridhari Build Estate Limited (GBEL) was incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on November 7, 2019. The company focuses on infrastructure development activities and possesses strategic assets despite not yet commencing commercial operations.

Strategic Rationale

The acquisition object is to set up infrastructure facilities, aligning with ACX's development objectives. GBEL's strategic value lies in its ownership of sizeable land parcels and secured key licenses, which provide ACX with a head start in infrastructure development activities. This positions the joint venture advantageously in the infrastructure sector despite GBEL not yet commencing commercial activities.

Business Impact

This acquisition strengthens ACX's position in the infrastructure development sector by providing immediate access to licensed land assets and development-ready infrastructure. The transaction represents a strategic investment in expanding the joint venture's operational capabilities and market presence, with no requirement for governmental or regulatory approvals, ensuring a streamlined acquisition process.

Adani Group companies demonstrated robust market performance on Thursday's trading session, with multiple stocks posting significant gains led by Adani Total Gas' impressive rally.

Market Performance Highlights

The trading session showcased strong investor confidence across the Adani portfolio, with several companies delivering notable returns:

Flagship and Infrastructure Stocks

Adani Enterprises , the group's flagship company, posted gains of approximately 1%, reflecting steady buying interest from investors to start the trading session. The infrastructure and ports segment also contributed to the positive momentum, with Adani Ports and Special Economic Zone advancing about 0.70%.

Broader Portfolio Performance

The rally extended to other group companies, demonstrating widespread investor confidence:

• Sanghi Industries: Advanced more than 0.50%
• Ambuja Cements: Posted similar positive gains
• Overall sentiment: Strong buying interest across the conglomerate

Recent Corporate Developments

This market performance follows the group's successful FY25 results, where most companies registered stellar annual growth. The period concluded with a significant milestone - the inauguration of Navi Mumbai Airport, developed by Adani Airports, marking another achievement in the group's infrastructure portfolio.

Market Context

The Thursday trading session represented a strong start for the Adani Group, with the broad-based rally indicating renewed investor confidence across various business segments including energy, infrastructure, ports, and media operations through NDTV.

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