<p>Bengaluru: An infrastructure investment trust (InvIT) backed by India's Mahindra Group and Canada's Ontario Teachers' Pension Plan Board made its trading debut on Monday, with an offer size of 22.63 billion rupees ($273 million), the two entities said.</p><p>Sustainable Energy Infra Trust (SEIT) -- formed to own and operate renewable power generation assets in India -- debuted on the country's National Stock Exchange (NSE) at an issue price of 100 rupees each, exchange data showed.</p><p>SEIT raised 13.65 billion rupees in the offer, while Mahindra Susten, the green energy arm of the tractors-to-financing conglomerate Mahindra Group, raised 8.98 billion rupees, according to a statement.</p>.Mahindra & Mahindra Ltd total auto sales up 6% at 60,188 units.<p>The statement did not mention the stake, if any, Mahindra Susten, Mahindra Group and Ontario Teachers' still hold in SEIT.</p><p>Infrastructure investment trusts have gained popularity in recent years amid India ramping up its infrastructure spending ahead of its general elections scheduled to be held this year.</p><p>Marquee global and Indian investors, including the Asian Infrastructure Investment Bank, subscribed to the offer, the statement said.</p><p>SEIT will have the right of first refusal on the renewable energy assets that Mahindra Susten makes.</p><p>Mahindra Group and Ontario Teachers' have committed to invest up to 30.50 billion rupees and 35.50 billion rupees, respectively, into Mahindra Susten and SEIT.</p><p>Kotak Mahindra Capital, Axis Capital and Avendus Capital were placement agents for the de</p>
<p>Bengaluru: An infrastructure investment trust (InvIT) backed by India's Mahindra Group and Canada's Ontario Teachers' Pension Plan Board made its trading debut on Monday, with an offer size of 22.63 billion rupees ($273 million), the two entities said.</p><p>Sustainable Energy Infra Trust (SEIT) -- formed to own and operate renewable power generation assets in India -- debuted on the country's National Stock Exchange (NSE) at an issue price of 100 rupees each, exchange data showed.</p><p>SEIT raised 13.65 billion rupees in the offer, while Mahindra Susten, the green energy arm of the tractors-to-financing conglomerate Mahindra Group, raised 8.98 billion rupees, according to a statement.</p>.Mahindra & Mahindra Ltd total auto sales up 6% at 60,188 units.<p>The statement did not mention the stake, if any, Mahindra Susten, Mahindra Group and Ontario Teachers' still hold in SEIT.</p><p>Infrastructure investment trusts have gained popularity in recent years amid India ramping up its infrastructure spending ahead of its general elections scheduled to be held this year.</p><p>Marquee global and Indian investors, including the Asian Infrastructure Investment Bank, subscribed to the offer, the statement said.</p><p>SEIT will have the right of first refusal on the renewable energy assets that Mahindra Susten makes.</p><p>Mahindra Group and Ontario Teachers' have committed to invest up to 30.50 billion rupees and 35.50 billion rupees, respectively, into Mahindra Susten and SEIT.</p><p>Kotak Mahindra Capital, Axis Capital and Avendus Capital were placement agents for the de</p>