NEW DELHI, Dec. 16, 2019 /PRNewswire/ -- Azure Power Global
Limited (NYSE: AZRE), a leading independent solar power developer
in India, has closed its
previously announced US$75 million a
private placement and issued 6,493,506 equity shares at
US$11.55 per share to Caisse de depot
et placement du Quebec
(CDPQ). Following this transaction, CDPQ's equity interest in
Azure Power has increased from 41.4% to 49.4%. Azure Power Global
Limited has 47,636,078 shares outstanding as of December 13, 2019.
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent solar power
producer with a pan-Indian portfolio. With its in-house
engineering, procurement and construction expertise and advanced
inhouse operations and maintenance capability, Azure Power provides
low-cost and reliable solar power solutions to customers throughout
India. It has developed,
constructed and operated solar projects of varying sizes, from
utility scale, rooftop to mini & micro grids, since its
inception in 2008. Highlights include the construction of
India's first private utility
scale solar PV power plant in 2009 and the implementation of the
first MW scale rooftop project under the smart city initiative in
2013.
For more information, visit: www.azurepower.com.
Investor Contact
Nathan
Judge, CFA
ir@azurepower.com
Investor Relations, Azure Power
Media Contact
Samitla Subba
pr@azurepower.com
+91-11-4940 9854
Marketing, Azure Power
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SOURCE Azure Power