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CAM advises SkyPower Group on 100% acquisition of SkyPower Solar’s equity and convertible debentures by Inox

Inox’s acquisition of SkyPower

Cyril Amarchand Mangaldas acted as the legal counsel for SkyPower Group of entities. The transaction involves acquisition of 100% equity shares and compulsorily convertible debentures of SkyPower Solar India Private Limited (“SkyPower“) by Inox Neo Energies Private Limited (“Inox“).

SkyPower is engaged in the business of owning and operating a 50 MW solar power plant at Chirwel, Khandwa, in the State of Madhya Pradesh, India.

The transaction was led by Ramanuj Kumar, Partner (Co-Head – Projects (Energy & Energy Transition)); Manasvini Raj, Partner; with the support from Sushmitha Ramkumar, Associate.

The transaction was signed on 31st May, 2025 and closed on 30th June, 2025.

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