Business News

Motilal Oswal commits Rs 1,500 crore to Inox Clean in hybrid private credit deal

FinSiddhi

Motilal Oswal Group has committed Rs 1,500 crore to Inox Clean Energy Ltd through compulsorily convertible debentures to fund acquisitions and growth. The initial Rs 1,000 crore has been deployed, with the remaining Rs 500 crore expected soon. This hybrid capital investment aims for an equity conversion upon Inox Clean’s potential IPO within 12-24 months, offering downside protection and equity upside.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

Zen Technologies shares fall 6% after Q1FY27 profit drops 28%, revenue declines 10% YoY

Zen Technologies shares fell significantly after reporting lower first-quarter profits and revenue. The company experienced a revenue decline of over 10% year-on-year. Management highlighted a robust order pipeline and improved execution visibility for upcoming quarters. Zen Technologies closed the quarter with a substantial order book of over Rs 1,000 crore. Institutional investor interest in the…

USS Colorado took 22 hits in the 1944 battle but stayed in action

On July 24, 1944, hidden Japanese shore guns struck USS Colorado 22 times during the invasion of Tinian, killing 43 crew members and wounding 198. Despite the damage, the battleship continued firing and helped support the landings. Tinian was later captured and became a major U.S. bomber base in the Pacific.