This paper is essentially a trend analysis of factors affecting divestments in fossil fuel industry in India. In that sense, it presents a macro picture of key developments, a brief discussion on vanilla trends and a deeper discussion on sub-cutaneous trends. The purpose is to highlight an overview on how to see investment and divestment trends with respect to key stakeholders. In sum, the paper highlights increasing momentum of renewable energy finance and reducing interest in areas like coal sector financing although poor financial state of power distribution sector causes significant resistance to any meaningful transformation. The paper also highlights key drivers and challenges for divestment and provides an insight into various instruments with regards to both. With regards to the drivers, the paper highlights arguments that underline Socially Responsible Investment Funds. For instance, plenty of studies have now shown a strong correlation between the performance of Environmental, Social and Governance (ESG) funds and positive investment returns.