Trilegal has advised Motilal Oswal Alternates and other entities in the Motilal Oswal Group on their investment of up to ₹1,500 crore in Inox Clean Energy, the integrated renewable energy platform of the INOXGFL Group. The investment was made through subscription to compulsory convertible debentures.The mandate was led by Trilegal partners Kunal Chandra, Joseph Jimmy, Richa Choudhary, Swathy Pisharody and Maitreya Rajurkar. Counsel Tania Chourasia, senior associates Kunal Ashok Paleja, Gayathri Pillai, and Aditya Nandakumar, along with associate Yajat Bansal, formed the transaction team.Due diligence on the deal was led by partners Kunal Chandra, Richa Choudhary, Swathy Pisharody, Maitreya Rajurkar, and Gauri Chhabra, supported by a larger team of senior associates, associates, and a consultant.The deal marks a significant capital commitment by Motilal Oswal’s alternatives business into India’s clean energy sector, which has seen sustained investor interest as the country pushes toward its renewable energy targets. Inox Clean Energy is part of the INOXGFL Group, a diversified conglomerate with established presence in the energy space.Compulsory convertible debentures, the instrument used in this transaction, are a common structure in large private investments in India, offering investors a fixed-income instrument that mandatorily converts into equity at a later stage.Trilegal is a full-service law firm with 161 partners and over 1,300 professionals across seven offices in India, including Mumbai, Delhi, Bengaluru, and Chennai. The firm has been recognised as Law Firm of the Year at the ET Global Legal Awards 2026 and Best Overall Law Firm by India Business Law Journal in 2025, among other accolades.Published on August 14, 2026