New Delhi, Dec. 21 -- New Delhi: Inox Clean Energy Ltd has signed an agreement to acquire Macquarie Group's renewable energy platform Vibrant Energy, in a transaction valued at an enterprise value of $600 million and an equity value of $200 million, according to two people aware of the development. The deal was announced by Inox Clean, a part of the INOXGFL Group, on Sunday.
"The acquisition would be funded by the through the pre-IPO (initial public offering) fundraises, internal accruals and capital from the promoters," said one of the two people mentioned above. Earlier this month, INOX Clean Energy withdrew its filing for a Rs.6,000 crore public listing and is expected to submit a fresh filing. The company has already got commitment f...
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