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

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OMERS Infrastructure to acquire 19.4 pc stake in Azure Power
source : Devdiscourse ( Middle East ) () 38
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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