Megasolis Renewables Private Limited (MRPL) #47150
Created at
2025-04-07
Last update
2025-04-08
2 Parents (Involvements as child)
ID
Name
Sustainable Energy Infra Trust (SEIT)
Country of registration/origin
India
Classification
Stock-exchange listed company
Relationship
Parent 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
International Finance Corporation (IFC)
Country of registration/origin
United States of America
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
36 000 000
$
Comment
The 250 MW solar power project in Bhiv Ji Ka Gaon Village in Bap Tehsil involves an IFC ‘A’ Loan investment of $36 million to the company and assistance in mobilization of the syndicated parallel loan of of $93 million for the development, financing, construction of the project (Data Source 2).
0 Children (Involvements as parent)
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
543.49 ha