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?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.
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