Adani Power has sold its entire equity stake in subsidiary Chandenville Infra Park Limited (CIPL) to AdaniConneX Private Limited for ₹535.69 crore. The transaction was completed on August 27, 2026, marking the exit of the listed entity from the infrastructure park venture.

The buyer, AdaniConneX, is a 50:50 joint venture between Adani Enterprises Limited and EdgeConneX. Since the promoters of Adani Enterprises and Adani Power are the same, the transaction is classified as a related party transaction under SEBI Listing Regulations. However, the company confirmed that the deal was executed at arm’s length.

Transaction details

The Share Purchase Agreement (SPA) was signed on August 27, 2026, with the sale closing on the same day. Post-completion, CIPL ceases to be a subsidiary of Adani Power. The consideration is subject to adjustments on the closing date as per the SPA terms.

Asset profile and strategic context

CIPL, incorporated on February 24, 2022, has not yet commenced commercial activities and reports nil turnover. However, it holds sizeable land parcels in and around Chandenville Industrial Park in Telangana, along with essential land approvals.

The acquisition aligns with AdaniConneX’s strategy to expand its data center infrastructure capabilities. By transferring these land assets and licenses from Adani Power to the specialized data center joint venture, the group consolidates its digital infrastructure holdings. No further governmental or regulatory approvals are required for this disposal, and it does not fall under any Scheme of Arrangement.

The Centre has granted in-principle approval for the privatisation of 11 Airports Authority of India airports, marking a significant step in the government's airport divestment programme.

Approval for AAI airport privatisation

Adani Enterprises has been associated with this development, as the Centre's in-principle approval covers 11 airports under the Airports Authority of India.

Key details of the approval

The following table summarises the key parameters of the development as reported:

The in-principle approval signals the government's intent to proceed with the privatisation process for these 11 AAI-operated airports. Further procedural steps would follow the in-principle clearance before any formal transfer or lease arrangements are concluded.