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.
Adani Enterprises divests DC Development Noida added by Pallavi Madhiraju on
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