{"id":133263,"date":"2021-08-02T14:57:18","date_gmt":"2021-08-02T06:57:18","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=133263"},"modified":"2021-08-02T14:57:18","modified_gmt":"2021-08-02T06:57:18","slug":"omers-infrastructure-agrees-to-purchase-19-4-stake-in-azure-power","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=133263","title":{"rendered":"OMERS Infrastructure Agrees To Purchase 19.4% Stake In Azure Power"},"content":{"rendered":"\n<p><strong>SINGAPORE, Aug 2 (Bernama-GLOBE NEWSWIRE) &#8212;<\/strong>&nbsp;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.<\/p>\n\n\n\n<p>\u201cThis agreement to invest in Azure Power demonstrates OMERS strong global interest in high-quality renewable power and energy transition assets, as well as our interest in India as an investment destination and Asia-Pacific more broadly,\u201d said Annesley Wallace, Executive Vice President and Global Head of OMERS Infrastructure. \u201cThis transaction directly supports our mission of building a strong portfolio of well-run assets that will help pay pensions to our members over the long term,\u201d she added.<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=40667\">http:\/\/mrem.bernama.com\/viewsm.php?idm=40667<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Aug 2 (Bernama-GLOBE NEWSWIRE) &#8212;&nbsp;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 [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/133263"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133263"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/133263\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133263"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}