Inox Green Denies Acquisition News; Clarifies Transaction Relates to Group Company

Inox Green Energy Services Limited (IGESL) has issued a clarification regarding a news item published on Economic Times on December 22, 2025, which incorrectly stated that IGESL would acquire Macquari...

Inox Green Energy Services Limited (IGESL) has issued a clarification regarding a news item published on Economic Times on December 22, 2025, which incorrectly stated that IGESL would acquire Macquarie's renewable platform, Vibrant. The company stated that the news item is factually incorrect in relation to Inox Green Energy Services Limited. The transaction referred to in the article actually pertains to another INOXGFL Group company, Inox Clean Energy Limited, and not to IGESL. Inox Clean Energy Limited is the holding company for the renewable power generation business under Inox Neo Energies Limited and the solar module and cell manufacturing business under Inox Solar Limited. It is part of the INOXGFL Group, with no cross-holdings or other economic interests between the two companies. Consequently, IGESL confirmed that the news item has no correlation with Inox Green Energy Services Limited and has no material impact on the company. The company reiterated its commitment to timely and accurate disclosure of all material information.

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Why is Inox Green Energy Services Limited in the news today?

Inox Green Energy Services Limited (INOXGREEN) is in the news due to the company issued a clarification to deny a news report, stating it is factually incorrect and has no impact on the company. this neutralizes any potential positive or negative sentiment from the inaccurate report.

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Inox Green Denies Acquisition News; Clarifies Transaction Relates to Group Company

December 23, 2025, 06:04 AM

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Inox Green Energy Services Limited (IGESL) has issued a clarification regarding a news item published on Economic Times on December 22, 2025, which incorrectly stated that IGESL would acquire Macquarie's renewable platform, Vibrant.

The company stated that the news item is factually incorrect in relation to Inox Green Energy Services Limited. The transaction referred to in the article actually pertains to another INOXGFL Group company, Inox Clean Energy Limited, and not to IGESL.

Inox Clean Energy Limited is the holding company for the renewable power generation business under Inox Neo Energies Limited and the solar module and cell manufacturing business under Inox Solar Limited. It is part of the INOXGFL Group, with no cross-holdings or other economic interests between the two companies.

Consequently, IGESL confirmed that the news item has no correlation with Inox Green Energy Services Limited and has no material impact on the company. The company reiterated its commitment to timely and accurate disclosure of all material information.

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