Mahindra Susten Private Limited (MSPL) #47022
Created at
2025-03-20
Last update
2025-03-28
2 Parents (Involvements as child)
ID
Name
Mahindra Holdings Limited (MHL)
Country of registration/origin
India
Classification
Private company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
60.01 %
Comment
Mahindra Holdings Limited holds a 60.01% stake in MSPL, while 2452991 Ontario Limited (2OL) holds the remaining 39.99% (Data Source 2, Page 80).
ID
Name
2452991 Ontario Limited (2OL)
Country of registration/origin
Canada
Classification
Private company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
39.99 %
Comment
Mahindra Holdings Limited holds a 60.01% stake in MSPL, while 2452991 Ontario Limited (2OL) holds the remaining 39.99% (Data Source 2, Page 80).
2 Children (Involvements as parent)
ID
Name
Sustainable Energy Infra Trust (SEIT)
Country of registration/origin
India
Classification
Stock-exchange listed company
Relationship
Subsidiary 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
Mahindra Renewables Private Limited (MPRL)
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 %
1 Deals (Involvements as Operating company)
ID
Target country
India
Current intention of investment
Solar park
Current negotiation status
Concluded (Contract signed)
Current implementation status
In operation (production)
Deal size
347.22 ha