EBENE, Mauritius, Jan. 24, 2022 /PRNewswire/ -- Azure Power Global
Limited (NYSE: AZRE) announced today that the subscription period
for its rights offering closed today at 5pm
eastern time. The Company expects to raise $249,938,599 from the rights offering, which is
backstopped by its shareholders CDPQ Infrastructures Asia Pte Ltd.
and OMERS Infrastructure Asia Holdings Pte. Ltd. The Company
expects to announce the final results of the rights offering on
January 26, 2022.
Investors (other than the backstop shareholders) who have
participated in the rights offering should expect to see the shares
of common stock issued to them in book-entry or, uncertificated,
form on or about January 28, 2022.
Any excess subscription payments received by Computershare Trust
Company, N.A. (the "subscription agent") will be returned by the
subscription agent to investors, without interest or deduction,
through the same method by which they participated in the rights
offering.
About Azure Power
Azure Power (NYSE: AZRE) is a
leading independent sustainable energy solutions provider in
India. Azure Power developed
India's first private utility
scale solar project in 2009 and has been at the forefront in the
sector as a developer, constructor, and operator of utility scale
renewable projects since its inception. With its in-house
engineering, procurement and construction expertise and advanced
in-house operations and maintenance capability, Azure Power manages
the entire development and operation process, providing low-cost
renewable power solutions to customers throughout India.
Investor Contact
ir@azurepower.com
Media Contact
pr@azurepower.com
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