Azure Power, one of India’s leading independent solar power producers, announced that the underwriters of its previously announced follow-on public offering of equity shares have exercised their option to purchase 115,542 additional equity shares.
The option was granted in connection with the follow-on public offering of 14,800,000 equity shares at a public offering price of $12.50 per share. The exercise of the option brings the expected total net proceeds from the follow-on public offering to approximately $184.3 million after underwriting discounts and commissions but before offering expenses.
A registration statement on Form F-3 was previously filed with the U.S. Securities and Exchange Commission and has been declared effective. A prospectus supplement and the accompanying base prospectus describing the terms of the Offering have been filed with the SEC. The final prospectus supplement for the Offering has been filed with the SEC. The Offering is being made only by means of the prospectus supplement and the accompanying base prospectus. Before you invest, you should read the prospectus supplement and the accompanying base prospectus and other documents that the Company has filed with the SEC for more complete information about the Company and the Offering.