OMERS to buy 19.4% stake in Azure from IFC for $219 mn2 min read . Updated: 31 Jul 2021, 02:17 PM IST
- OMERS, the Canadian pension fund, announced its plan to purchase the stake in NYSE-listed Azure Power Global Ltd from World Bank’s private-sector development arm IFC and IFC GIF Investment Co.
NEW DELHI: Deals galore in India’s clean energy space. Attracted by India’s green economy, Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) announced its plan to purchase a 19.4% stake in NYSE-listed Azure Power Global Ltd for $219 million from World Bank’s private-sector development arm International Finance Corporation (IFC) and IFC GIF Investment Co.
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