Question

    The Asian Infrastructure Investment Bank (AIIB) has

    invested in the Sustainable Energy Infra Trust (SEIT), India's largest renewable energy Infrastructure Investment Trust.How much amount has been invested by the organization?
    A INR 2.78 billion Correct Answer Incorrect Answer
    B INR 3.45 billion Correct Answer Incorrect Answer
    C INR 4.86 billion Correct Answer Incorrect Answer
    D INR 5.23 billion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Sustainable Energy Infra Trust (SEIT), India's largest renewable energy Infrastructure Investment Trust, has received INR 4.86 billion (equivalent to USD 58.4 million) investment from the Asian Infrastructure Investment Bank (AIIB). AIIB aims to support the development of InvITs as an infrastructure asset class in India. The successful listing of SEIT contributes to the capital-raising track record and is a testament to establishing and validating InvITs as a long-term financing channel in India. 

    Practice Next
    More Beepedia Questions
    ask-question