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…
