Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has invested another $100 million in Azure Power Global Limited, hiking its stake in the renewable energy firm to 40 per cent. The latest infusion means that CDPQ has invested a total of $240 million in Azure Power since first backing the company in September 2016. The initial investment of $75 million, which was CDPQ’s first India deal, was made just before Azure Power was listed on the New York Stock Exchange.
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