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In February 2021, Adani Group's flagship company Adani Enterprises entered into a 50:50 joint venture with EdgeConneX to develop and operate data centers throughout India.


The Adani Group is set to acquire realty developer K Raheja Corp’s two land parcels spread over 92 acres in Navi Mumbai’s Airoli locality for around Rs 1,500 crore, said persons with direct knowledge of the development.


Both the land parcels will be transferred to AdaniConneX, the data center joint venture between Adani Enterprises and US-based global hyperscale data center provider EdgeConneX.


“Most processes and documentation related to the deals have been almost finalized and the transactions are likely to be concluded in the next few weeks," said one of the persons cited above.