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AdaniConneX (ACX), a joint venture of Adani Enterprises has completed the acquisition of 100% stake of Granthik Realtors (GRPL) from Windson Projects LLP (WP) and its Nominees on 26 June 2025 by virtue of Share Purchase Agreement (SPA) executed on 26 June 2025 by the parties. The acquisition is done at a purchase consideration of Rs 85.99 crore.
GRPL is incorporated in India and registered with the Registrar of Companies, Maharashtra at Mumbai on 7 May 2023 with an object for carrying out Infrastructure development activities. While GRPL is yet to commence commercial activities, it owns a sizeable land parcel and have secured key licenses to commence infrastructure activities, which would give a head start to ACX.
GRPL, incorporated on 7 May 2023, is registered with the registrar of companies, Maharashtra, Mumbai, and was established with the objective of undertaking infrastructure development activities. Although GRPL has not yet commenced commercial operations, it owns a significant land parcel and has secured key regulatory licenses, offering AdaniConneX a strategic advantage to initiate infrastructure projects swiftly.
GRPL has an authorised share capital of Rs 10 lakh and a paid-up share capital of Rs 1 lakh. The acquisition, valued at Rs 85.99 crore, was executed on a cash consideration basis in exchange for the entire equity of the company.
The acquisition aligns with AdaniConneX’s strategy to expand its presence in the infrastructure development sector, as GRPL operates within the industry focused on the development of infrastructure facilities.
The transaction does not qualify as a related-party transaction, the company clarified in its regulatory disclosure.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centered on the fields of airport management, technology parks, roads, data centers, and water infrastructure.
The company’s consolidated net profit spiked 753.32% to Rs 3,844.91 crore in Q4 FY25 as against Rs 450.58 crore reported in Q4 FY24. Revenue from operations declined 7.58% to Rs 26,965.86 crore in Q4 FY25 from Rs 29,180.02 crore recorded in the same period a year ago.
Adani Enterprises Ltd is up for a fifth straight session today. The stock is quoting at Rs 2568, up 1.61% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Adani Enterprises Ltd has gained around 1.09% in last one month.
Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has gained around 1.17% in last one month and is currently quoting at 9329.2, up 0.8% on the day. The volume in the stock stood at 6.67 lakh shares today, compared to the daily average of 9.7 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 2562.2, up 1.19% on the day. Adani Enterprises Ltd is down 19.12% in last one year as compared to a 5.65% jump in NIFTY and a 3.72% jump in the Nifty Metal index.
The PE of the stock is 111.66 based on TTM earnings ending March 25.