Adani Power Share Price in Focus; Signs SPA to Sell Chandenvalle Infra Park for ₹535.69 Crore to AdaniConneX

Adani Power has completed the sale of its entire holding in Chandenvalle Infra Park Limited (CIPL) to AdaniConneX Private Limited (ACX). The two companies signed the Share Purchase Agreement (SPA) and completed the transaction on August 27, 2026. 

CIPL was a wholly owned subsidiary of Adani Power before the transaction. Following the completion, it has ceased to be a subsidiary of the company.   

Deal Valued at ₹535.69 Crore 

The transaction carries a sale consideration of ₹535.69 crore. The final consideration remains subject to the adjustments specified for the closing date under the SPA.  

CIPL had not started commercial operations before the sale. Its assets included sizeable parcels of land in and around Chandenvalley Industrial Park in Telangana, along with certain essential land approvals.  

The disclosure does not provide details of any specific development planned for these land parcels after the transaction. 

AdaniConneX Takes Over CIPL 

The buyer, AdaniConneX Private Limited, is a 50:50 joint venture between Adani Enterprises Limited and EdgeConneX.  

With the deal now completed, ownership of CIPL has moved from Adani Power to AdaniConneX. 

Read More: Wipro Share Price in Focus as It Expands Google Cloud Partnership to Scale AI Adoption! 

Adani Power Share Price Performance  

As of 28 August 2026, at 11:41 AM, Adani Power Ltd share price is trading at ₹211.86 per share, reflecting a decline of 1.46% from the previous trading session. 

Conclusion 

Adani Power has completed the ₹535.69 crore sale of Chandenvalle Infra Park to AdaniConneX. The transaction marks the exit of CIPL from Adani Power's subsidiary portfolio, while the filing does not disclose any further plans for the land or a specific project linked to the acquisition.  

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