The company, majority-owned by Canadian pension funds CDPQ and OMERS Infrastructure, has until the end of this month to appeal the NYSE s delisting order, with the final decision expected after a potential three-month process.
In a fresh blow to Azure Power Global Ltd, the New York Stock Exchange has suspended trading in its stock and has said it will start proceedings to delist ..
The offshore bondholders of CDPQ and the Canadian pension fund Ontario Municipal Employees Retirement System (OMER) backed Azure have appointed Akin Gump Strauss Hauer & Feld as their advisor over concerns of technical default triggered by the delisting of stock, as reported by ET on July 6.
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