Parent plans Rs 5,000-cr IPO for INOX Clean Energy

New Delhi: INOXGFL Group is planning to list INOX Clean Energy on the domestic stock exchanges in the upcoming financial year and garner ₹5,000 crore from the issue, sources said.

INOX Clean Energy will be the fifth entity of the $12 billion group to be listed on the bourses.

"The INOXGFL Group is preparing to take INOX Clean Energy public, aiming to raise 10-15% from the public at a valuation of ₹50,000 crore, industry sources said. Once completed, the IPO will be among one of the largest fundraising initiatives in the private renewable energy sector.