NEW DELHI : 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 […]
Azure Power Announces Results of the 2019 Special Meeting of Shareholders
NEW DELHI: Azure Power Global Limited (“Azure Power” or the “Company”) (NYSE: AZRE), a leading solar power producer in India, announced that it held a special meeting of shareholders on December 6, 2019. The proposals submitted for shareholder approval were approved. Specifically, the shareholders (i) authorized the Company to issue equity shares or share equivalents […]
Azure Power Announces Results for Fiscal Second Quarter 2020
EBENE, Mauritius : Azure Power Global Limited (NYSE: AZRE), a leading independent solar power producer in India, today announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2020, period ended September 30, 2019. Fiscal Second Quarter 2020 Period Ended September 30, 2019 Operating Highlights: Operating Megawatts (“MW”) were 1,798 MW, as […]
Azure Power Q2 net loss widens to Rs 75.6 crore
The operating revenue of the company for September quarter stood at Rs 284.6 crore, an increase of 28 per cent New Delhi : Solar power producer Azure Power Global Limited today posted a 154 per cent increase in net loss at Rs 75.6 crore for the quarter ended September 2019 as against a loss of […]
Appointment of Deepak Malhotra as a Director on Azure Power Global’s Board
Azure Power (NYSE: AZRE), a leading solar power producer in India, announced that Deepak Malhotra, Director, Infrastructure, South Asia at Caisse de dépôt et placement du Québec (CDPQ), was appointed to its Board of Directors, taking CDPQ’s total number of board seats to two. CDPQ, a long-term institutional investor that manages funds primarily for public […]
Azure Power to Raise US$75 Million in Private Placement
Azure Power Global Limited (NYSE: AZRE), a leading independent solar power developer in India, has entered into a subscription agreement to raise US$75 million through a private placement of 6,493,506 equity shares at US$11.55 per share to Caisse de depot et placement du Quebec (CDPQ). The closing of the private placement is conditional on the […]
Azure Power Solar Energy likely to price its dollar bonds at 5.65 pct
The firm was looking to raise close to $350 million through the issue. Earlier during the day, the initial price target (IPT) on the bonds had come in at 6%, sources indicated. Azure Power Solar Energy is likely to have priced its dollar bonds late on Tuesday evening even as the final price target (FPT) […]
Azure Power Solar Energy to hold roadshows for issue of dollar bonds
Azure Power Solar Energy will hold roadshows from Tuesday for its proposed dollar bonds issuance through which the firm hopes to raise close to $350 million, sources in the know said. The bonds will be “144A/Reg S”, indicating US investors also likely to take part in the issue. The notes will have a tenor of […]
Azure Power Operational and Financial Update
EBENE, Mauritius: Azure Power Global Limited (NYSE: AZRE) (the “Company”), a leading independent solar power producer in India, today announced certain operational and financial updates. Please refer to the investors section of the Company’s website at http://investors.azurepower.com/press-releases/ for more information. This is not an offer to sell or purchase nor the solicitation of an offer […]
Azure Power Announces Results for Fiscal First Quarter 2020
EBENE, Mauritius : Azure Power Global Limited (NYSE: AZRE), a leading independent solar power producer in India, today announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal first quarter 2020 ended June 30, 2019. Net income of INR 90.2 million (US$ 1.3 million) for the quarter ended June 30, 2019 as […]