Canada’s CDPQ in talks to pick up to 35% in Azure

Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) is in talks with solar-energy developer Azure Power to buy up to 35% stake in the company for about $180 million (Rs 1,200 crore), two people close to the development said.

“The talks are in an advance stage and the investment could be concluded by the end of December this year,” one of the persons cited earlier said. “This would also give partial exit to some of the existing investors in Azure Power.”

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