Adani Enterprises introduced that Sirius Digitech Restricted, a three way partnership of Adani International Restricted, Mauritius, has acquired the remaining 22.5% stake in Parserlabs India Non-public Restricted (PIPL).
The transaction, finalized on 19 March 2025, strengthens the Adani Group’s growth in information centres and cloud providers.
This follows Sirius Digitech’s preliminary 77.5% stake buy in PIPL, introduced on 16 July 2024. With the most recent Rs 45 crore funding, PIPL is now a wholly-owned subsidiary of Sirius Digitech.
Based on 25 March 2019, PIPL totally owns Coredge.io India Non-public Restricted (CIPL), a deep-tech startup specializing in sovereign AI and cloud platforms. CIPL serves cloud suppliers, authorities businesses, and telecom companies, contributing to robust monetary development.
PIPL reported a turnover of Rs 45.63 crore in FY 2023-24, up from Rs 28.94 crore in FY 2022-23 and Rs 12.09 crore in FY 2021-22.
The 22,500 fairness shares (Rs 1 face worth every) had been acquired at Rs 20,000 per share via a money transaction. Adani Enterprises emphasised that this acquisition enhances its experience in cloud computing and information centre infrastructure.
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