Motilal Oswal Group is investing up to ₹1,500 crore in Inox Clean Energy Limited, the integrated renewable energy platform of the INOXGFL Group, by way of subscription to compulsory convertible debentures.
Trilegal advised Motilal Oswal Alternates and certain other entities in the MO Group, on this transaction.
The transaction team was led by Kunal Chandra (Partner), Joseph Jimmy (Partner), Richa Choudhary (Partner), Swathy Pisharody (Partner) and Maitreya Rajurkar (Partner), and consisted of Tania Chourasia (Counsel), Kunal Ashok Paleja (Senior Associate), Gayathri Pillai (Senior Associate), Aditya Nandakumar (Senior Associate) and Yajat Bansal (Associate).
For due diligence, the team was led by Kunal Chandra, Richa Choudhary, Swathy Pisharody, Maitreya Rajurkar and Gauri Chhabra (Partner), with support from Gayathri Pillai, Kunal Ashok Paleja, Aditya Nandakumar, Manasvi Sharma (Senior Associate), Padmavathy Nehru (Senior Associate), Shivayana Balodia (Senior Associate), Associates Saee Hingmire, Srishti Singh, Nipun Chandrakar, Adya Singh, Naman Shah, Yajat Bansal and Shobhit Shukla and Consultant: Anwesha Maitra.
Khaitan & Co advised Inox Clean Energy on this transaction. The Firm represented Inox, its promoters and affiliates and advised them on the structuring, drafting, negotiation, finalization and execution of definitive agreements in relation to the transaction.
The transaction team was led by Madhur Kohli (Partner), Shreya Mukherjee (Partner) and Rahul Chakraborti (Partner), and included Mansi Mishra (Senior Associate), Abheepsita Purkayastha (Associate) and Shaurya Ranjan (Associate).
The core deal team received assistance from Anshul Mordia (Senior Associate) and Sarjana Das (Senior Associate) on securities-law related aspects and also received strategic inputs from Sudhir Bassi (Executive Director), Niren Patel (Partner) and Kumar Saurabh Singh (Partner).
The initial ₹1,000 crore has already been deployed. The transaction represents a structured investment in Inox's renewable energy platform and supports the continued growth of Inox’s clean energy portfolio.
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