Trilegal Advised On Inox Clean Energy 's Proposed IPO
Trilegal advised on the proposed initial public offering of equity shares by Inox Clean Energy Limited.
Trilegal represented the syndicate of book running lead managers.
Trilegal advised on the proposed initial public offering of equity shares by Inox Clean Energy Limited, comprising fresh issue and offer for sale by the promoter selling shareholder, of up to INR 100,000 million.
INOX is a part of INOXGFL group, a diversified industrial group with businesses across chemicals and renewable energy. It is among the top 10 Indian renewable independent power producer platforms and among the top 10 Indian integrated solar PV module and cell manufacturing players. It has expanded its operations through multiple acquisitions with its operations spanning across India, Africa and United States of America.
INOX is backed by a diverse group of investors, including the Adar Poonawalla family office, RJ Corp, Authum Investment & Infrastructure and the Motilal Oswal group, with Trilegal advising the Motilal Oswal group on its investment in INOX ahead of the proposed IPO.
This transaction marks our continued association with the INOXGFL group, having previously advised on the initial public offering of INOX Green Energy Services Limited.
Trilegal represented the syndicate of book running lead managers comprising Nuvama Wealth Management Limited, CLSA India Private Limited, Emirates NBD Capital India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited and UBS Securities India Private Limited.
The Trilegal Capital Markets team advising on the mandate was led by Partner: Richa Choudhary; and comprised Counsel: Avanti Kale, Senior Associate: Shivayana Balodia and Associates: Siddhant Mishra, Naman Shah, Dinank Bhanot, Adya Singh, and Tanushka Trivedi.