Indian Trusts Act, 1882

Aditya Birla Sun Life AMC Limited's offshore arm appoints Sarath Sathkumara to head investments for its international business

Retrieved on: 
Wednesday, February 9, 2022

DUBAI, Feb 9, 2022 - (ACN Newswire) - Aditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.

Key Points: 
  • DUBAI, Feb 9, 2022 - (ACN Newswire) - Aditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.
  • Aditya Birla Sun Life AMC Limited's offshore subsidiaries manage money to the extent of USD 1.32 billion.
  • ABSLAMC is a subsidiary of Aditya Birla Capital Limited (a non-bank financial services conglomerate), and investment manager to Aditya Birla Sun Life Mutual Fund (ABSLMF).
  • Commenting on his appointment, Mr. A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Limited said, "We are delighted to have Sarath Sathkumara come on board.

KKR-Sponsored Virescent Infrastructure Raises INR4.6 bn in India’s First Renewable Energy InvIT from AIMCo and other investors

Retrieved on: 
Wednesday, September 29, 2021

Virescent Infrastructure (Virescent), a leading Indian renewable energy platform sponsored by global investment firm KKR, has set up Indias first renewable energy infrastructure investment trust (InvIT), Virescent Renewable Energy Trust (VRET).

Key Points: 
  • Virescent Infrastructure (Virescent), a leading Indian renewable energy platform sponsored by global investment firm KKR, has set up Indias first renewable energy infrastructure investment trust (InvIT), Virescent Renewable Energy Trust (VRET).
  • View the full release here: https://www.businesswire.com/news/home/20210928006194/en/
    KKR set up Virescent in October 2020 to acquire operating renewable energy assets in India.
  • We will continue to support Virescent and its management team in providing greater renewable energy solutions to communities across India.
  • Ahmed Mubashir, Director, Infrastructure & Renewable Resources at AIMCo, said, AIMCo is excited to expand its geographic footprint in Asia through its investment in Indias first renewable energy InvIT.