Inox Clean Energy acquires Vibrant Energy for $600 million
after close1 source ↓written by the desknot a recommendation
- to acquire Vibrant
- $600 million deal
- equity price
- $200 million
Inox Clean Energy has signed a $600 million deal to acquire Vibrant Energy, backed by Macquarie Group. This acquisition, valued at an equity price of $200 million, aims to enhance Inox's renewable energy portfolio and is funded through pre-IPO fundraising and internal resources. The move signifies a strategic consolidation in India's clean energy sector. ⚡
Not investment advice. For informational purposes only.