Mahindra Group and Ontario Teachers Pension Plan Board have listed their Infrastructure Investment Trust (InvIT) in the renewable energy sector. The InvIT - Sustainable Energy Infra Trust (SEIT) raised a primary capital of Rs. 1365 crore ($165 million) as part of the initial offer of units. The offer was subscribed by global and Indian investors, including Asian Infrastructure Investment Bank (AIIB).
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.