India clears OMERS to raise Azure Power stake, buying out CDPQ
What's the deal? The Competition Commission of India has approved OMERS Infrastructure Asia Holdings'Dealroom has a profile for this one. Try Dealroom → acquisition of additional shares in Azure Power GlobalDealroom has a profile for this one. Try Dealroom → from CDPQ Infrastructures AsiaDealroom has a profile for this one. Try Dealroom →. The deal value was not disclosed.
Who's involved? The acquirer is an investment entity of OMERSDealroom has a profile for this one. Try Dealroom →, one of Canada's largest multi-employer defined benefit pension plans, with over 1,000 participating employers. Azure Power builds, operates, and sells solar power in India.
Why it matters: The transaction sees Canadian pension money increase its exposure to Indian renewables while CDPQ, Quebec's pension fund manager, exits part of its position. It marks a reshuffle among two of the world's largest institutional infrastructure investors.
The signal: India's solar sector continues to draw long-horizon foreign capital, with pension funds treating renewable assets as durable infrastructure bets. The regulator's clearance removes a hurdle for OMERS to deepen its stake in the market.
Read more: 24x7newsworld.com
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