CDPQ Increases its Stake in Azure Power to 40%

It contributed ₹7.32 billion to Azure’s recent capital raising

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Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, has announced an increase in its stake in Azure Power Global Ltd (Azure Power). Azure Power is a leading renewable energy project developer and is one of the largest independent solar power producers with a presence in 23 Indian states.

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