Mahindra Susten Private Limited has sold 30% stake at an equity value of INR 23,710 million ($300 million) to Ontario Teachers' Pension Plan Board. Mahindra & Mahindra Limited (NSEI:M&M) and Ontario Teachers' will also jointly explore the sale of an additional 9.99% stake in Mahindra Susten by May 31, 2023. The proposed investment would also include setting up of an Infrastructure Investment Trust (InvIT) for listing renewable energy assets.

The company expects to float the InvIT by 2024. Mahindra Susten is the renewable energy firm of the Mahindra Group . It is an independent power producer with 1.5 Gw capacity and also is into the engineering, procurement and construction (EPC) business, with a constructed capacity of 4 Gw.