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Adani Enterprises JV to buy 100% stake in Vizag data centre park for ₹1,085 crore

Reported by: CNBC TV18 ·

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Adani Enterprises

Summary

CNBC TV18 reported that AdaniConneX has signed an agreement to buy 100% of Vizag Mega Data Center Park Limited for ₹1,085.51 crore. AdaniConneX is a joint venture of Adani Enterprises, meaning a company owned jointly with another partner. A data centre park is a site built to house computer servers and the power and cooling they need. Buying 100% of a company means taking full ownership, with no stake left with the seller. The report did not name the seller or say how the deal will be funded. ₹1 crore is ₹1,00,00,000, so ₹1,085.51 crore is a little over ₹1,000 crore.

AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18

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CNBC TV18  · · Tone 0

Adani Enterprises JV to buy 100% stake in Vizag data centre park for ₹1,085 crore

AdaniConneX has signed an agreement to acquire Vizag Mega Data Center Park Limited for ₹1,085.51 crore, with the deal expected to close by November 10.

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