Adani Power Limited has executed a Share Purchase Agreement (SPA) to sell its entire stake in its wholly-owned subsidiary, Chandenvalle Infra Park Limited (CIPL), to AdaniConnex Private Limited (ACPL). The transaction is valued at ₹535.69 crore, subject to adjustments. Post-completion, CIPL will no longer be a subsidiary of Adani Power. The deal was finalized on August 27, 2026.
Subsidiary Sale Completed
Adani Power Limited announced the execution of a Share Purchase Agreement (SPA) for the sale of its entire shareholding in Chandenvalle Infra Park Limited (CIPL) to AdaniConnex Private Limited (ACPL). CIPL, a wholly-owned subsidiary of Adani Power, will cease to be a subsidiary of the company upon the transaction’s completion. This strategic divestment is expected to streamline Adani Power’s operations and portfolio.
Transaction Details
The sale consideration for CIPL is set at ₹535.69 crore. This amount is subject to customary adjustments that will be determined on the closing date, as stipulated in the SPA. The agreement was formally entered into on August 27, 2026, and the transactions have been closed on the same date. Chandenvalle Infra Park Limited possesses significant land parcels within Chandenvalley Industrial Park in Telangana, along with essential land approvals. CIPL has not yet commenced commercial activities.
Buyer and Relationship
The buyer, AdaniConnex Private Limited (ACX), is a 50:50 joint venture between Adani Enterprises Limited (AEL) and EdgeConneX. Notably, the promoters of AEL and Adani Power Limited are the same, and the transaction has been conducted on an arm’s length basis, confirming its fairness and independence.
Source: BSE
