OMERS Infrastructure has recently acquired a 19.4% stake in which company for $219 million from International Finance Corporation (IFC) and IFC GIF Investment Company?
Current Affairs Quiz
August 2021
.
2 years ago
6
0
0
0
![tuteeHUB earn credit]()
+10 pts
5 Star Rating
1 Rating
Hints to Remember
Who: OMERS Infrastructure
What: to Acquire 19.4% Stake in Azure Power for $219 Million
When: published on 2nd August 2021
OMERS Infrastructure announced that it has signed a stock purchase agreement to acquire a 19.4% stake in Indian independent power (solar) producer Azure Power Global for $219 million from International Finance Corporation (IFC) and IFC GIF Investment Company.
Azure Power, an India-based renewable energy company, has a 2 GW of operational renewable capacity, and 5 GW of renewable capacity is in the pipeline or awarded, the company said in a press statement.
The transaction is expected to be completed by August 2021. Ambit Private Limited acted as a financial advisor of OMERS Infrastructure.
According to OMERS Infrastructure, the company has over 2 GW of operational renewable energy capacity across the globe, including Leeward Renewable Energy, a renewable energy company that owns and operates 22 renewable energy facilities across nine states in the United States.
Hence, the correct answer is option A. (Read more)
Posted on 03 Jul 2022, this text provides information on Current Affairs Quiz related to August 2021. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
Take Quiz To Earn Credits!
Turn Your Knowledge into Earnings.