Mumbai, Aug. 28 -- Adani Enterprises officially informed the stock exchanges here on Friday, that its joint venture company AdaniConneX has acquired 100% equity in Chandenvalle Infra Park for Rs 535.69 crore, from Adani Power.
AdaniConneX is a data centre joint venture floated by Adani Enterprises, while Chandenvalle Infra Park which it has purchased, is an data centre-related infrastructure company.
According to the company statement, AdaniConneX paid Rs 535.69 crore in cash to acquire the entire 100% stake in Chandenvalle Infra Park. The amount was paid in cash against shares, and not through a share swap arrangement, according to the company statement.
Chandenvalle Infra Park was controlled by the promoter of Adani Enterprises through...