The company had on November 28 initiated a consent solicitation process to buy back bonds with a total value of $60 million issued by two special-purpose vehicles: Azure Power Solar Energy Pvt Ltd and Azure Power Energy Ltd, as reported by ET. The proposal looked to amend certain terms for the 2024 and 2026 notes. Azure Power Solar Energy, which had issued $350 million of 5.65% senior notes due in December 2024, had offered to repurchase $40 million of the paper by March 2024.
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New York Stock Exchange listed Azure, which raised over $750mn in two tranches from offshore bondholders, received an extension until mid-July from the exchange to disclose its FY22 audited results, failing which the stock would be delisted.
/PRNewswire/ Azure Power Global Limited (NYSE: AZRE) (the "Company"), a leading independent renewable power producer in India, today announced certain.