Inox Green to acquire Macquarie-owned renewable platform Vibrant Energy

Inox Green Energy Services Limited is set to acquire Vibrant Energy, the India-focused renewable energy platform owned by Macquarie Asset Management.

The transaction is expected to value Vibrant Energy at an equity valuation of about Rs 17.9 billion. Sources said definitive agreements have been signed, with a formal announcement expected shortly. Vibrant Energy operates as a diversified renewable energy independent power producer in India.

In a statement, Inox Clean confirmed the execution of definitive agreements with Macquarie and other shareholders to acquire Vibrant Energy’s total renewable portfolio of 1,337 MW. Of this, around 800 MW is operational. The portfolio includes projects located across Madhya Pradesh, Maharashtra, Karnataka, Telangana, and Andhra Pradesh.

Following media reports on the proposed acquisition, the BSE has sought clarification from Inox Green Energy. The query refers to a report titled Inox to acquire Macquarie-owned renewable platform Vibrant, published on December 22, 2025. The company has been asked to submit its response under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.