Trilegal advised on the proposed IPO by Inox Clean Energy

Trilegal advised on the proposed initial public offering of equity shares by Inox Clean Energy Limited, comprising fresh issue and offer for sale by the promoter selling shareholder, of up to INR 100,000 million.

INOX 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.

INOX is backed by a diverse group of investors, including the Adar Poonawalla family office, RJ Corp, Authum Investment & Infrastructure and the Motilal Oswal group, with Trilegal advising the Motilal Oswal group on its investment in INOX ahead of the proposed IPO.

This transaction marks our continued association with the INOXGFL group, having previously advised on the initial public offering of INOX Green Energy Services Limited.

Trilegal represented 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.

The Trilegal Capital Markets team advising on the mandate was led by Partner: Richa Choudhary; and comprised Counsel: Avanti Kale, Senior Associate: Shivayana Balodia and Associates: Siddhant Mishra, Naman Shah, Dinank Bhanot, Adya Singh, and Tanushka Trivedi.

About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.