Anzen India Energy Yield Plus Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Anzen India Energy Yield Plus Trust (an InvIT) has issued a postal ballot notice to unitholders seeking approval for two key resolutions. The first is a preferential issue of 5,95,25,000 units at ₹117 per unit for an aggregate of up to ₹696.45 crores to 10 non-sponsor investors, including Larsen & Toubro (₹125.78 crores), Prazim Trading & Investment (₹349.83 crores), and Axis Max Life Insurance (₹49.73 crores). The second resolution seeks approval for acquiring 74% equity in 12 solar power assets (totaling ~816 MWp across Rajasthan, Punjab, Andhra Pradesh, Telangana, and Uttar Pradesh) from related parties (Sponsor/Sponsor Group) for an aggregate negotiated value of up to ₹3,300 crores. The proceeds of the unit issuance will fund this acquisition. E-voting runs from January 25, 2026 to February 18, 2026, with results expected within two working days thereafter.
If approved, existing unitholders will see dilution of their stake from 100% to ~77% post-issue (sponsor group holding drops from 21.25% to 16.31%), but the trust's asset base will expand significantly with 12 additional solar assets, potentially boosting long-term distributable cash flows. The transaction with related parties may draw scrutiny on valuation and arm's-length pricing, though the issue price of ₹117 is at a slight premium to NAV of ₹115.22 and the higher of 90-day and 10-day VWAPs.