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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The success of a less-used funding mechanism has given the conglomerate a means to monetize its renewable energy assets and expand. Will its unorthodox approach work in the long run?
The Mahindra Group is back for a second shot at India’s renewable energy market.
Last month, an infrastructure investment trust, or InvIT, co-sponsored by the group and Canada’s Ontario Teachers’ Pension Plan Board listed on the NSE. The InvIT—which works like a mutual fund, enabling individuals and investment firms to directly invest in infrastructure projects—ended up raising Rs 2,262 crore from marquee investors like the Asian Infrastructure Investment Bank and, in the process, became the largest listed renewable energy InvIT in India.
The group’s plan is simple. The investment trust will own 1.5 gigawatts of operational renewable energy assets developed …
