The Ontario Teachers Pension Plan Board (OTPP) will pay ₹23 billion (US$300 million) for the equity stake in the Thane-headquartered company, a subsidiary of the Mahindra Group conglomerate. The two firms will also establish an infrastructure investment trust to hold an initial 1.54 GW of renewable assets; OTPP has committed another US$450 million over seven years to the two ventures. (The Logic)
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