Mahindra Susten s businesses include the Mahindra Group s renewable-focussed engineering, procurement and construction (EPC) unit (with more than 4 GW of capacity constructed) as well as an independent power production (IPP) unit with around 1.54 GW of operational solar plants. The entire 1.54 GW will be transferred to the InvIT.
Multiple global investors have joined the race to invest in Mahindra & Mahindra’s renewables infrastructure investment trust (InvIT), a media report said, citing two individuals ..
APG, IFC, and AIIB are competing to invest $250 million in Mahindra InvIT - Dutch pension fund APG Asset Management, the World Bank's investment arm International Finance Corp (IFC), and Asian Infrastructure.