World & BusinessInox Clean Energy reportedly nears Rs 2,500 crore deal for Athena Renewables
The Economic Times reports that an in-principle agreement has been reached to buy the Actis-owned company, as Inox expands ahead of a planned initial public offering.
TLDR
The Economic Times reports that Inox Clean Energy is close to acquiring Athena Renewables from Actis for Rs 2,500 crore after reaching an in-principle agreement. The report says the deal would significantly boost Inox’s renewable energy generation capacity, fitting its strategy of acquiring assets to scale up quickly ahead of a planned initial public offering.
Inox Clean Energy reportedly nears Rs 2,500 crore deal for Athena Renewables
The Economic Times reports that an in-principle agreement has been reached to buy the Actis-owned company, as Inox expands ahead of a planned initial public offering.
TLDR
The Economic Times reports that Inox Clean Energy is close to acquiring Athena Renewables from Actis for Rs 2,500 crore after reaching an in-principle agreement. The report says the deal would significantly boost Inox’s renewable energy generation capacity, fitting its strategy of acquiring assets to scale up quickly ahead of a planned initial public offering.