AdaniConneX Private Limited, a joint venture of Adani Enterprises, has successfully acquired a 100% equity stake in Chandenvalle Infra Park Limited (CIPL) from Adani Power Limited. The transaction, valued at ₹535.69 crores, is part of AdaniConneX’s strategy to develop data center infrastructure facilities. CIPL, though yet to commence commercial activities, holds a land parcel and key licenses, providing a strategic head start for ACX’s expansion.
Strategic Acquisition for Data Center Expansion
AdaniConneX Private Limited (ACX), a joint venture company, has completed the acquisition of 100% equity stake in Chandenvalle Infra Park Limited (CIPL). The seller in this transaction was Adani Power Limited. This significant move, formalized on 27th August 2026, underscores AdaniConneX’s commitment to expanding its data center infrastructure capabilities across India. The information regarding this acquisition was received by Adani Enterprises on the same day at 5:15 PM.
Deal Rationale and Target Entity Details
The primary objective of this acquisition is to facilitate the establishment of data center infrastructure facilities by ACX. Chandenvalle Infra Park Limited, the target entity, although not yet engaged in commercial activities, possesses a substantial land parcel and has secured essential licenses crucial for commencing infrastructure operations. This provides ACX with a ready foundation to accelerate its development plans.
The transaction involved a cash consideration of INR 535.69 crores for the acquisition of 100% equity stake in CIPL. While CIPL is controlled by the promoter/promoter group of Adani Enterprises, the acquisition by ACX has been conducted on an arms’ length basis and is not considered a related party transaction for Adani Enterprises.
Background of Chandenvalle Infra Park Limited
Chandenvalle Infra Park Limited was incorporated in India on 24th February 2022. Its primary business object is to carry out infrastructure development activities. The company has an authorized and paid-up share capital of INR 1,00,000/- each. CIPL’s acquisition positions ACX to leverage its assets and licenses for future growth in the burgeoning data center market.
Source: BSE
