Canadian pension fund OMERS to buy 19.36% in Azure Power Global

Canadian pension fund OMERS to buy 19.36% in Azure Power Global

Renewable energy/Illustration/ Internet Archive

In what may rank among the largest clean energy deals in India, Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) is set to buy around 19.36% in NYSE-listed Azure Power Global Ltd.

“CCI receives notice of acquisition under Green Channel of 19.36% (approx.) in Azure Power Global Limited by OMERS Infrastructure Asia Holdings Pte. Ltd., from its existing shareholders,” the ministry of Corporate Affairs said in a statement on Friday.

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