Adani ConneX Pvt., a three way partnership of Adani Enterprises Ltd., has totally acquired Terravista Builders Pvt. for Rs 296.1 crore, in accordance with an alternate submitting.
ACX acquired a 100% stake of Terravista on Tuesday with an goal to arrange infrastructure amenities. Terravista is but to start out its industrial operation, it mentioned.
The transaction falls within the relate-party class. Terravista is a completely owned subsidiary of Adani Infrastructure Builders Pvt., an entity underneath the management of the Gautam Adani-led group of firms, in accordance with the submitting.
Terravista, which was included in September final 12 months, owns a sizeable land parcel and has secured key licences to begin infrastructure actions, which might give a head begin to ACX, it mentioned.
