Poonawalla Family Office Invests ₹700 Cr in Inox Clean Energy

Adar Poonawalla’s Family Office, through Rising Sun Holdings, has invested ₹700 crore in Inox Clean Energy, marking a significant milestone as the company accelerates its growth in renewable power generation and solar manufacturing.

Under the deal, Rising Sun Holdings will acquire a 1% stake in Inox Clean Energy, while the INOXGFL Group will continue to hold a dominant ownership of over 90%. The transaction values the integrated renewable energy platform at approximately ₹70,000 crore.

The fresh capital will strengthen the company’s balance sheet and support its next phase of expansion. Inox Clean Energy plans to utilize the proceeds to scale up its solar manufacturing capabilities, develop new renewable energy projects, and pursue strategic acquisitions in both domestic and international markets.

The investment reinforces Inox Clean Energy’s long-term vision of becoming a leading integrated clean energy company with a strong presence across the entire solar value chain, further advancing the INOXGFL Group’s commitment to India's clean energy transition.

News by Rahul Yelligetti.