Trilegal and HSA Advocates advised on Motilal Oswal Group’s INR 1,500 crore investment in Inox Clean Energy.

Motilal Oswal Alternates and certain other entities in the Motilal Oswal Group have committed up to INR 1,500 crore in Inox Clean Energy, the integrated renewable energy platform of the INOXGFL Group, by way of subscription to compulsorily convertible debentures.

The structured private credit investment will support Inox Clean Energy’s acquisitions and other growth initiatives as it expands its renewable power generation and solar manufacturing businesses. The CCDs are contemplated to convert into equity upon Inox Clean Energy accessing the capital markets, facilitating an eventual exit through an initial public offering.

Trilegal advised Motilal Oswal Alternates and certain other entities in the Motilal Oswal Group on the investment.

The transaction team was led by Partners Kunal Chandra, Joseph Jimmy, Richa Choudhary, Swathy Pisharody and Maitreya Rajurkar, and comprised Counsel Tania Chourasia, Senior Associates Kunal Paleja, Gayathri Pillai and Aditya Nandakumar, and Associate Yajat Bansal.

The due diligence team was led by Partners Kunal Chandra, Richa Choudhary, Swathy Pisharody, Maitreya Rajurkar and Gauri Chhabra, supported by Senior Associates Gayathri Pillai, Kunal Paleja, Aditya Nandakumar, Manasvi Sharma, Padmavathy Nehru and Shivayana Balodia; Associates Saee Hingmire, Srishti Singh, Nipun Chandrakar, Adya Singh, Naman Shah, Yajat Bansal and Shobhit Shukla; and Consultant Anwesha Maitra.

HSA Advocates advised Inox Clean Energy, the renewable energy platform of the INOXGFL Group, on the INR 1,500 crore structured private credit investment. The investment was structured through CCDs, combining downside protection akin to debt with equity-linked upside potential.

The HSA team was led by Partner Srivar Awasthi.