Mahindra Group & Ontario Teachers’ join hands to boost renewable energy in India

Mahindra Group (farm equipment, utility vehicles, information technology, and financial services businesses in India), and Ontario Teachers’ Pension Plan Board (a global institutional investor), have co-sponsored an Infrastructure Investment Trust (InvIT) in the renewable energy space. 

The InvIT, Sustainable Energy Infra Trust (SEIT), has raised a primary capital of ₹1365 Crore ($165 million) as part of the initial offer of units (Offer) and has been set up to expand the renewable energy sector in India.