<cite index="1-1">Motilal Oswal Group commits ₹1,500 crore investment in Inox Clean Energy via compulsorily convertible debentures; ₹1,000 crore already deployed</cite>

PE / VC 13 Aug 2026· ₹1,500 cr · Completed· ✓ Verified

₹1,000 crore of the ₹1,500 crore commitment has already been completed. Funds raised in form of Compulsorily Convertible Debentures (CCDs) will be utilised to support Inox Clean's growth, particularly its inorganic growth initiatives. Over the past 18 months, Inox Clean has scaled through acquisitions including US-based Boviet Solar and renewable energy platforms backed by global investors including GIP's Vena Energy, Macquarie's Vibrant Energy, SHV's SunSource Energy and CalPERS-backed SkyPower including its Africa business. Inox Clean's renewable IPP portfolio in India stood at 3 GW at end of June 2026 and is expected to exceed 6 GW of operational capacity by end of FY27.

Why it mattersCCDs structured as hybrid capital combining downside debt protection with equity-linked upside, with conversion into equity upon IPO access-a precedent structuring for pre-IPO stage renewable energy platforms.
CounselTrilegal, HSA Advocates
SectorEnergy & Renewables
Value₹1,500 cr
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