AIIB to lead Rs 25 billion funding in Mahindra-OTPP’s Green InvIT

Sustainable Energy Infra Trust, a renewable energy infrastructure investment trust (InvIT) backed by Mahindra group, is raising Rs 25 billion in a round led by Asian Infrastructure Investment Bank (AIIB) with participation from domestic institutional investors (DIIs). As the anchor investor, AIIB will invest around Rs 6.65 billion ($80 million), while other investors may invest a sum ranging between Rs 5 billion and Rs 6 billion. The deal is expected to be finalised by January 2024.