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 the Mahindra Group, is planning to raise Rs 25 billion in a round led by the Asian Infrastructure Investment Bank (AIIB) with participation from domestic institutional investors. As the anchor investor, AIIB will invest around Rs 6.65 billion ($80 million), while other investors may invest Rs 5 billion-Rs 6 billion. The deal is expected to be finalised by January 2024.