Inox clean energy withdraws DRHP for IPO. (Representative image. Source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

After raising close to Rs 5,000 crore during its pre-IPO funding round, Inox Clean Energy has temporarily withdrawn its draft papers and preliminary filings, industry sources told news agency PTI.

The privately held INOXGFL arm had filed its draft red herring prospectus confidentially in July, with plans to raise Rs 6,000 crore through its initial public offering. However, since then the company has completed multiple acquisitions and has other large acquisitions underway, prompting it to withdraw its DRHP on a temporary basis.

These transactions are expected to substantially increase the operational and pipeline IPP portfolio, as well as deve

See Full Page