Azure power announces rights offering for equity shares

Not for distribution or release in or into any jurisdiction in which offers or sales would be prohibited by applicable law ebene, mauritius, dec. 27, 2021 /prnewswire/ -- azure power global limited (nyse: azre), an independent renewable power producer in india, announced today that its board of directors has approved a rights offering to raise proceeds of up to $249,938,599. pursuant to the rights offering, each shareholder of the company will receive one non-transferable subscription right (a "right") for each equity share, par value $0.000625 per share (an "equity share") held as of 5:00 p.m.
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