EBENE, Mauritius, Dec. 27, 2021 /PRNewswire/ -- NOTICE IS HEREBY
GIVEN that Azure Power Global Limited (the "Company") has
set the record date of 5:00 p.m., Eastern
Time on January 6, 2022 (the
"Record Date"), for a proposed offering of non-transferable
subscription rights. The Company will distribute, at no charge, to
the holders of our equity shares, par value $0.000625 per share (the "Equity Shares"), on the
record date non-transferable subscription rights to purchase up to
an aggregate of 15,828,917 new Equity Shares in accordance with a
prospectus supplement, dated December 27,
2021, and a prospectus, dated December 10, 2021, to be sent to shareholders on
January 7, 2022 along with the
subscription rights certificate and other documents. The rights
offering will be made only by means of such prospectus and
prospectus supplement. This notice does not constitute an offer to
sell, or a solicitation of an offer to buy, any of the Company's
securities.
DATED: December 27,
2021
BY ORDER OF THE BOARD OF DIRECTORS OF AZURE POWER GLOBAL
LIMITED
AAA GLOBAL SERVICES LTD
COMPANY SECRETARY
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS OF AZURE POWER
GLOBAL
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent renewable
power producer with a pan-India
portfolio of over 7.4 gigawatts. Azure Power developed India's first private utility scale solar
project in 2009 and has been at the forefront in the sector as a
developer and operator of solar projects since its inception. With
its in-house engineering, procurement and construction expertise
and advanced in-house operations and maintenance capability, Azure
Power manages the entire development and operation process,
providing low-cost solar power solutions to customers throughout
India. For more information,
visit: www.azurepower.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended and the Private Securities Litigation Reform Act of
1995, including statements regarding the Company's future financial
and operating guidance, operational and financial results such as
estimates of nominal contracted payments remaining and portfolio
run rate, and the assumptions related to the calculation of the
foregoing metrics. The risks and uncertainties that could cause the
Company's results to differ materially from those expressed or
implied by such forward-looking statements include: the
availability of additional financing on acceptable terms; changes
in the commercial and retail prices of traditional utility
generated electricity; changes in tariffs at which long term PPAs
are entered into; changes in policies and regulations including net
metering and interconnection limits or caps; the availability of
rebates, tax credits and other incentives; the availability of
solar panels and other raw materials; its limited operating
history, particularly as a new public company; its ability to
attract and retain its relationships with third parties, including
its solar partners; its ability to meet the covenants in its debt
facilities; meteorological conditions issues related to the corona
virus; supply disruptions; power curtailments by Indian state
electricity authorities and such other risks identified in the
registration statements and reports that the Company has filed with
the U.S. Securities and Exchange Commission, or SEC, from time to
time. All forward-looking statements in this press release are
based on information available to us as of the date hereof, and the
Company assumes no obligation to update these forward-looking
statements.
Investor Contact:
Vikas Bansal
ir@azurepower.com
View original
content:https://www.prnewswire.com/news-releases/azure-power-notice-of-record-date-301450878.html
SOURCE Azure Power