OMERS Infrastructure to acquire 19.4 pc stake in Azure Power ...Middle East

OMERS Infrastructure on Friday said it has inked an agreement to acquire 19.4 per cent stake in Azure Power for USD 219 million (around Rs 1,628 crore). OMERS has signed a stock purchase agreement to acquire from International Finance Corporation and IFC GIF Investment Company, an approximately 19.4 per cent stake in Azure Power Global Limited, for a total consideration of approximately USD 219 million, a statement said. Founded in 2008, Azure Power is a leading independent renewable power producer located in India, with an asset base of 2 GW of operational capacity and 5 GW of capacity under construction or awarded.

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