<article><a href="https://www.dealstreetasia.com/?s=India Infrastructure Fund (IIF)" target="_blank" rel="noopener">India Infrastructure Fund (IIF)</a>, a fund managed by <a href="https://www.dealstreetasia.com/?s=IDFC Alternatives Ltd" target="_blank" rel="noopener">IDFC Alternatives Ltd</a>, has successfully exited its investments in<a href="https://www.dealstreetasia.com/?s= Mytrah Energy" target="_blank" rel="noopener"> Mytrah Energy (India) Pvt. Ltd. (MEIPL)</a>, it said in a statement on Monday.</article>

<a href="https://www.dealstreetasia.com/?s=India Infrastructure Fund (IIF)" target="_blank" rel="noopener">India Infrastructure Fund (IIF)</a>, a fund managed by <a href="https://www.dealstreetasia.com/?s=IDFC Alternatives Ltd" target="_blank" rel="noopener">IDFC Alternatives Ltd</a>, has successfully exited its investments in<a href="https://www.dealstreetasia.com/?s= Mytrah Energy" target="_blank" rel="noopener"> Mytrah Energy (India) Pvt. Ltd. (MEIPL)</a>, it said in a statement on Monday.
IIF is a focused investor in the Infrastructure space and claims to have a track record of a number of successful investments and exits from various companies.
In 2011, IIF invested Rs. 350 crores in the form of compulsory convertible preference shares in MEIPL. The growth capital invested into the company enabled it to grow rapidly from a very small asset base of about 50 MW to 500 plus MW in a span of 3-4 years and subsequently to reach a 2,000 MW base of operating and under construction assets at present, the statement said.
“Mytrah has demonstrated not only operating and execution excellence but also a track record of honouring all commitments towards its stakeholders in full measure. It&#8217;s for this reason that we look forward to supporting the group in the future as well,&#8221; said M. K Sinha, Managing Partner &amp; CEO, IDFC Alternatives Ltd.
The industry continues to receive support from both central and state governments with the shared objective of reaching 175 GW by 2022 from the current ~57 GW operating capacity. For IIF, this was a landmark structured investment and one of its largest early stage bets in the sunrise renewable sector, it said.
&#8220;I am very pleased that the IIF backing to our company at a “start-up stage” has gone a long way in building a sustainable platform. Ours has been much more than a financial partnership. The guidance and knowledge sharing from IIF all through this journey has been very valuable,&#8221; Ravi Kailas, Chairman and CEO, Mytrah Group, said.
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India Infrastructure Fund (IIF), a fund managed by IDFC Alternatives Ltd, has successfully exited its investments in Mytrah Energy (India) Pvt. Ltd. (MEIPL).

India: IDFC Alternatives fund exits Mytrah Energy

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India: IDFC Alternatives fund exits Mytrah Energy

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