Motilal Oswal Group has committed Rs 1,500 crore to Inox Clean Energy Ltd, the renewable energy platform of the INOXGFL Group, in a structured private credit transaction that will fund acquisitions and other growth initiatives as the company scales up its renewable power generation and solar manufacturing businesses.
The initial Rs 1,000 crore has already been deployed, with the remaining Rs 500 crore expected to be drawn in the coming weeks as identified acquisitions and capex plans progress. The investment is being made through compulsorily convertible debentures (CCDs).
