Adani Power (ADANIPOWER) — Announcement

📢 Key Event
Adani Power sells subsidiary stake to AdaniConneX JV

🔄 What Changed
CIPL ceases to be a subsidiary

💡 Investor Takeaway
The sale removes a non-core subsidiary and generates cash proceeds.

Adani Power announced it signed a share purchase agreement to sell its entire stake in Chandenvalley Infra Park Limited to AdaniConneX Private Limited, ending the subsidiary's status. The transaction closed on August 27, 2026, with a Rs. 535.69 crore consideration subject to adjustments. The buyer is a 50:50 joint venture between Adani Enterprises and EdgeConneX, and the deal was executed at arm's length.

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About Adani Power Ltd (ADANIPOWER)

Power · Power Generation & Distribution · Listed on BSE

Market Cap: ₹3,83,090.46 Cr P/E: 26.9 ROE: 23.4% ROCE: 18.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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