Mahindra, OTPP’s green energy InvIT to list via $282 million offering

Sustainable Energy Infra Trust (SEIT), an infrastructure investment trust (InvIT) established jointly by the Mahindra Group and Ontario Teachers’ Pension Plan (OTPP), intends to go public via an initial public offering of units. SEIT aims to raise up to Rs 23.50 billion ($282 million). This includes a transfer of units by Mahindra Susten Private Limited (MSPL) for Rs 9 billion and a fresh issue of units by the InvIT for Rs 14.50 billion.