Sustainable Energy Infra Trust (SEIT) #47021
Created at
2025-03-20
Last update
2025-03-20
3 Parents (Involvements as child)
ID
Name
Mahindra Susten Private Limited (MSPL)
Country of registration/origin
India
Classification
Private company
Relationship
Parent company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Comment
SEIT is jointly sponsored by Mahindra Susten Private Limited (MSPL), the renewable energy platform of the Mahindra Group, and 2726522 Ontario Limited. The latter is an affiliate of 2452991 (2OL), which is a wholly owned subsidiary of the Ontario Teachers' Pension Plan Board (OTPP), a leading global institutional investor (Data Source 1, Page 80; Data Source 2; Data Source 3, Page 2).
However, the exact stake distribution between the two parties is not publicly available.
Draft
ID
Name
2726522 Ontario Limited
Country of registration/origin
Canada
Classification
Private company
Relationship
Parent company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Comment
SEIT is jointly sponsored by Mahindra Susten Private Limited (MSPL), the renewable energy platform of the Mahindra Group, and 2726522 Ontario Limited. The latter is an affiliate of 2452991 (2OL), which is a wholly owned subsidiary of the Ontario Teachers' Pension Plan Board (OTPP), a leading global institutional investor (Data Source 1, Page 80; Data Source 2; Data Source 3, Page 2).
However, the exact stake distribution between the two parties is not publicly available.
ID
Name
Asian Infrastructure Investment Bank (AIIB)
Country of registration/origin
China
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Comment
The Asian Infrastructure Investment Bank (AIIB) has invested INR4.86 billion (around $58.4 million equivalent) in India's largest renewable energy Infrastructure Investment Trust (InvIT), the Sustainable Energy Infra Trust (SEIT). This is AIIB's second investment in InvITs in India, following a June 2019 investment of approximately $50 million in Oriental Structural Engineers InvIT (Data Source 2).
2 Children (Involvements as parent)
ID
Name
Megasolis Renewables Private Limited (MRPL)
Country of registration/origin
India
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
Under a Share Purchase Agreement dated December 14, 2023, 100% of MRPL's shares, including those of its wholly owned subsidiaries—Neo Solren Private Limited, Astra Solren Private Limited, and Brightsolar Renewable Energy Private Limited—were transferred to the Sustainable Energy Infra Trust (SEIT) on January 9, 2024, making MRPL a wholly owned subsidiary of SEIT (Data Source 1, Page 3).
ID
Name
Mega Suryaurja Private Limited (MSUPL)
Country of registration/origin
India
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
Following the Share Purchase Agreement on December 14, 2023, MSPL transferred 100% of its shares in MSUPL to the Sustainable Energy Infra Trust (SEIT) on January 9, 2024, making MSUPL a wholly owned subsidiary of SEIT (Data Source 2, Page 3).