Image Source: AsiaOne
OMERS Infrastructure Agrees to Purchase 19.4% Stake in Azure PowerTransaction expands Canadian pension plan’s direct investment holdings in India, while increasing its global exposure to renewables sectorGlobeNewswireJuly 30, 2021SINGAPORE, July 30, 2021 (GLOBE NEWSWIRE) -- OMERS Infrastructure today announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure Power Global Limited (NYSE: AZRE), for a total consideration of approximately US$219m. 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.
Source: AsiaOne