New Delhi, June 1 -- Premji Invest, the family office of Wipro founder chairman Azim Premji, has upped its exposure to the country's infrastructure sector by investing more money in an energy-focused infrastructure investment trust (InvIT).
Bengaluru-based Premji Invest, which was set up two decades ago and manages over $15 billion in assets, bought almost 1.7 crore units of Anzen India Energy Yield Plus Trust at Rs 125 apiece from the InvIT's sponsor Edelweiss Infrastructure Yield Plus late last week, stock-exchange data show.
The transaction, valued at Rs 211.88 crore ($20.1 million), gives Premji Invest a stronger foothold in one of India's fastest-growing energy InvITs that has tripled its assets under management to Rs 6,552 crore since listing in late 2022.
The investment firm has been a unitholder of Anzen ever since the InvIT listed on stock exchanges. It held a 3.16% stake in the InvIT as of Dec. 31, 2022. Its stake fell to 2.55% by March 2025 after the InvIT issued new units and remained at that level till Dec. 31, 2025. Since then, however, Premji Invest has been investing more into the InvIT. It invested about Rs 350 crore earlier this year when the InvIT raised a total of Rs 696 crore in mid-March through a fresh issue of units allotted on a preferential basis. It then bought an 8.16% stake in late March via open market transactions for Rs 200 crore, followed by a purchase of 1.63% for Rs 40 crore in April.
Premji Invest owned a 17.95% stake in the InvIT as of March 31. This would have risen to over 30% after the latest transactions over the past two months, VCCircle estimates show.
Overall, Premji Invest has deployed a little more than 800 crore in the InvIT this year.
The investment into Anzen follows another large bet the family office placed five months ago on India's highway network. In December 2025, Premji Invest acquired a 2.61% stake in National Highways Infra Trust (NHIT) through open market transactions, investing around Rs 754 crore.
Premji Invest is one of India's most active private investment firms and invests both in public and private markets. It has made more than 160 investments since inception across technology, healthcare, financial services, and consumer sectors.
Anzen India Energy Yield Plus Trust is a diversified energy InvIT managed by Edelweiss Real Assets Managers, focused on transmission lines and renewable power projects. It had an AUM of over Rs 2,300 crore when it privately listed on stock exchanges in November 2022.
The trust owns a 100% stake in two inter-state power transmission projects spanning approximately 855 circuit kilometres and 1,400 MVA of substation transformation capacity, as well as an approximately 420 MWp solar project in Jaisalmer, Rajasthan. In March 2026, it bought a 74% stake each in 12 solar projects.
For the quarter ended March 2026, the trust declared a per-unit distribution of Rs 2.75, payable on or before June 4. The annualised distribution yield stood at approximately 8.18% as of early 2026.
The seller, Edelweiss Infrastructure Yield Plus, has been both a founding backer of Anzen and a supplier of assets to it. The first Edelweiss Infrastructure Yield Plus fund, raised in 2020, had a corpus of around Rs 3,300 crore and has fully deployed its investible capital, having previously sold transmission assets to Anzen and currently holding interests in 12 solar projects with cumulative capacity of 813 MWp.
The stake sale is consistent with the fund recycling capital as it approaches the end of its natural lifecycle. Edelweiss's alternatives arm said in 2024 it raised Rs 8,000 crore for its second Infrastructure Yield Plus II fund.
Meanwhile, Anzen's unitholders recently approved the acquisition of 100% equity in Kudgi Transmission Ltd and a preferential issuance of units to the second infrastructure yield fund and its affiliates equivalent to Rs 1,100 crore in a non-cash transaction.
Published by HT Digital Content Services with permission from VC Circle.