Ontario Teachers' Pension Board (Ontario Teachers'), has entered into binding agreements with Mahindra Group for a 30% stake in Mahindra Susten Pvt Ltd.

This equity value is Rs 2,371 crore ($300million).

Mahindra Susten will establish InvIT to manage its renewable energy assets.

Mahindra Group renewable energy company, is Mahindra Susten. It is an independent power producer of 1.5 Gw and is

also involved in the engineering, procurement, and construction (EPC), with a built capacity of 4 Gw.

The company stated that Mahindra Susten will be able to establish a strong renewable energy company focused on solar energy and hybrid energy.

The statement stated that Mahindra Group and Ontario Teachers' pension Plan Board (Ontario Teachers'), had announced

a strategic partnership in order to capitalize on India's growing renewables potential and help the country's decarbonization ambitions.