Adani Enterprises divests DC Development Noida

Adani Enterprises Limited said that it has sold its 100% stake in DC Development Noida Private Limited (DCDNPL) to AdaniConnex Private Limited for a sum of INR one lakh.

AdaniConnex is a 50% joint venture firm of the Adani Group flagship company with EdgeConneX Europe B.V.

As a result of the transaction, DC Development Noida has ceased to be a fully-owned subsidiary of Adani Enterprises.

The deal was carried out at arm’s length basis.