Canadian & Dutch Pension Funds Eye Stake In Indian Renewable Yieldco
, Canadian pension fund British Columbia Investments and Dutch pension fund APG Asset Management are among several investors looking to acquire a stake in Mahindra Susten’s yieldco — commonly called an infrastructure investment trust, or InvIT, in India.
Mahindra Susten is reportedly planning to raise up to Rs 40 billion through sale of a minority stake. The company’s portfolio is spread across five states and is tied up in long term agreements of up to 24 years.
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