Khaitan & Co, Trilegal act on Inox Clean Energy ₹10,000 crore proposed IPO

Inox Clean Energy Limited has filed a draft red herring prospectus for an initial public offering aggregating up to ₹10,000 crore, comprising a fresh issue aggregating of ₹8,000 crore and an offer for sale of ₹2,000 crore by the promoter selling shareholder.

Khaitan & Co is advising Inox Clean Energy and the promoter selling shareholder i.e., Devansh Jain on this IPO.

The transaction team consists of Madhur Kohli (Partner), Vijayaraghavan (Partner), Sudhir Bassi (Executive Director), Anshul Mordia (Senior Associate), Hrithik Khurana (Senior Associate), Sarjana Das (Senior Associate), Associates Arjun Kapur, Sairandhri Nawale, Siddharth Jain, Nibha Yadav, Avantika Tanwar and Debarshi Ghosh Dastidar.

Trilegal is representing 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, on this IPO.

The transaction is being led by Richa Choudhary (Partner), with support from Avanti Kale (Counsel), Shivayana Balodia (Senior Associate) and Associates Siddhant Mishra, Naman Shah, Dinank Bhanot, Adya Singh, and Tanushka Trivedi.

INOX Clean Energy 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. 

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