Mahindra Group and global institutional investor Ontario Teachers’ Pension Plan Board have co-sponsored an infrastructure investment trust (InvIT) holding assets of 1.54 GW in the renewable energy space in India.
The InvIT, Sustainable Energy Infra Trust (SEIT), is India’s largest InvIT in the renewable energy space and has raised primary capital of Rs 1,365 crore as part of the initial offer of units (offer), Mahindra Group said in a statement.
Several global and Indian investors, including Asian Infrastructure Investment Bank (AIIB), subscribed to the offer.
