The Economic Times

Inox Clean Energy set to buy Actis-owned Athena Renewables for Rs 2,500 crore

Inox Clean Energy is close to acquiring Athena Renewables from Actis for Rs 2,500 crore. This acquisition will significantly boost Inox's renewable energy generation capacity. The deal is nearing conclusion after an in-principle agreement was reached. Inox has been actively acquiring assets to scale up its operations quickly. This move aligns with its strategy ahead of a planned initial public offering.