Azure power sells non-core solar rooftop portfolio to radiance renewables; transaction expected to improve overall cost structure and be value accretive

New delhi, april 5, 2021 /prnewswire/ -- azure power global limited, a leading solar power producer in india, announced it has signed a binding agreement to sell its non-core solar rooftop portfolio to radiance renewables pvt. ltd. (radiance), one of india's leading providers of competitive renewable energy solutions for commercial, industrial and residential customers and a 100% subsidiary of the green growth equity fund ("ggef"), india's leading climate fund, managed by eversource capital,  for a total consideration of inr 5,365 million (us$ 73.5 million 1) subject to purchase price adjustments.
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