Edelweiss Real Assets Managers Limited, part of Edelweiss Alternatives, has announced the successful close of AnZen India Energy Yield Plus Trust, its maiden energy infrastructure investment trust (InvIT). AnZen Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets, with an initial asset under management (AuM) of over Rs 23 billion.
AnZen Trust raised funds through a private placement, and received an encouraging response from a diversified set of institutional and other eligible investors. Sekura Energy Private Limited is the sponsor of Anzen Trust and Edelweiss Real Assets Managers Limited is the investment manager.
Reportedly, AnZen Trust has acquired two operating inter-state transmission assets, located in the states of Punjab, Haryana and Bihar. These assets have a residual transmission service agreement tenure of over 30 years under the point of connection (PoC) mechanism managed by Power Grid Corporation of India. Additionally, it also has got the right of first offer on the shareholding of its sponsor/affiliates in 12 solar energy assets with an aggregate generation capacity of 813 MWp.