Adani Power Sells Entire Stake in Subsidiary CIPL for ₹535.69 Crore
Adani Power Limited sold its entire stake in subsidiary Chandenvalle Infra Park Limited (CIPL) to AdaniConneX Private Limited for ₹535.69 crore. The transaction was completed on August 27, 2026. ACPL is a joint venture between Adani Enterprises and EdgeConneX.
The sale involves a significant transaction value of ₹535.69 crore and changes the subsidiary status of CIPL. While CIPL is not yet commercially active, it holds land parcels, making the disposal a material event for Adani Power.
The sale of a subsidiary is a corporate action that does not inherently present a positive or negative outcome without further financial context. The transaction is conducted on an arm's length basis, indicating a standard business deal.
Adani Power Limited has executed a Share Purchase Agreement (SPA) dated August 27, 2026, for the sale of its entire stake in its wholly owned subsidiary, Chandenvalle Infra Park Limited (CIPL), to AdaniConneX Private Limited (ACPL).
Upon completion of this transaction, CIPL will no longer be a subsidiary of Adani Power. The sale consideration for the transaction is ₹535.69 crore, subject to adjustments on the closing date as per the SPA. CIPL, although yet to commence commercial activities, holds significant land parcels in and around Chandenvalley Industrial Park in Telangana, along with essential land approvals.
The buyer, AdaniConneX Private Limited (ACX), is a 50:50 joint venture between Adani Enterprises Limited (AEL) and EdgeConneX. The promoters of AEL and Adani Power Limited are the same. This transaction falls under related party transactions and is being conducted on an arm's length basis. The transaction was closed on August 27, 2026.
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Adani Power Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Power Limited. Read the original for the full detail.