Azure Power Global Nasdaq IPO

Overview:

• Azure Power Global has undertaken an IPO on the Nasdaq.
• The issue consists of the equity shares of Azure Power Global (Azure), the holding company of Azure Power India Private.
• Barclays Capital, Credit Suisse and Roth Capital acted as underwriters.
• AZI is a low-cost utility scale solar power producer operating projects in India through step down project subsidiaries.
• The transaction also involved externalising the holding company structure to Mauritius from India.

Katrin Kostadinova - Data analyst