EBENE, Mauritius, Jan. 7, 2022 /PRNewswire/ -- Azure Power
Global Limited (NYSE: AZRE), a leading independent sustainable
energy solutions provider in India, announced today that its rights
offering opened today for subscription to raise proceeds of up to
$249,938,599. Pursuant to the rights
offering, each shareholder of the Company will receive one
non-transferable subscription right (a "Right") for each equity
share, par value $0.000625 per share
(an "Equity Share") held as of 5:00 p.m.,
Eastern Time, on January 6,
2022 (the "Record Date"). The rights offering will remain
open until 5:00 pm Eastern Time on
January 24, 2022, unless extended by
the Company. The rights offering will be made only by means of a
prospectus, and this announcement does not constitute an offer to
sell, or a solicitation of an offer to buy, any of the Company's
securities.
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 lowcost
renewable power solutions to customers throughout India.
Investor Contact
ir@azurepower.com
Media Contact:
pr@azurepower.com
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