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Azure Power prices IPO at $18, below the range

October 11, 2016
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Azure Power Global, an Indian low-cost solar power producer with 357 MW of capacity, raised $61 million by offering 3.4 million shares at $18, below the range of $21 to $23.

Azure Power Global plans to list on the NYSE under the symbol AZRE. Barclays and Credit Suisse acted as lead managers on the deal.