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The partnership with Ontario Teachers’ syncs with Mahindra Susten’s plan to substantially grow its green energy portfolio across solar PV, wind, and energy storage.
Mahindra Group and Ontario Teachers to form a strategic partnership in the renewable energy space mahindra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mahindra.com Daily Mail and Mail on Sunday newspapers.
The Mahindra Group and Ontario Teachers' on Saturday announced forming a strategic partnership under which they will invest around Rs 4,550 crore to grow future portfolios of Mahindra Susten Pvt., a renewable energy platform of the former.
Mahindra Group and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) announced today a strategic partnership to capitalize on the growing renewables opportunity in India and contribute towards the country’s decarbonization ambitions. The parties have signed binding agreements pursuant to which Ontario Teachers’ will acquire a 30% equity stake in Mahindra Susten Private Limited (“Mahindra Susten”) at an equity value of INR 2,371 crore (~USD 300 million).