CDPQ’s share in Azure Power rises to 50.9 per cent

Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has acquired an additional 717,701 shares from a shareholder of Indian independent power producer Azure Power Global Limited. According to the press statement issued by Azure Power, CDPQ now owns 24,259,272 shares of Azure and this represents 50.9 per cent of the total outstanding shares of the power producer.

In November 2019, CDPQ announced that it would invest $75 million in Azure Power. In October 2018, CDPQ’s stake in Azure Power was increased to 40 per cent post an investment of Rs 7.32 billion.

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