Adani Enterprises, EdgeConneX form JV to develop data centers in India

NEW DELHI: Adani Enterprises on Tuesday said it has signed a joint venture (JV) agreement with US’ EdgeConneX to form an equal partnership company to develop and operate data centers throughout India.

In a regulatory filing, Adani Enterprises said it has signed a JV agreement with EdgeConneX through its affiliate EdgeConneX Europe and DC Development Chennai (DCDCPL), a wholly-owned subsidiary of Adani Enterprises, for strategic partnership for data center business in India…and 50 per cent equity stake dilution of DCDCPL by the company to ECX Europe BV on fulfillment of certain terms and conditions.