CCI approves OMERS' additional investment in Azure Power
The regulator cleared an additional share acquisition from CDPQ, but did not disclose the new stake, price or closing timetable.
The Competition Commission of India has approved OMERS Infrastructure Asia Holdings' acquisition of an additional shareholding in Azure Power Global from CDPQ Infrastructures Asia.
Azure Power Global is the parent of a group that develops and operates renewable-energy plants and sells solar power in India. OMERS previously acquired about 19.4% of the company in 2021.
Why it matters
A larger institutional stake in a renewable-power platform is relevant to ownership, capital availability and consolidation in India's energy-transition infrastructure.
SCULTRA point of view
Regulatory clearance should not be treated as transaction completion. The useful follow-up is the final stake, consideration, closing conditions, governance rights and implications for project capital and operating strategy.
Limitations
The official release does not disclose the additional percentage, transaction value, post-closing ownership or closing date. The 2021 stake is historical context and does not establish the new holding.
Source: Press Information Bureau / Competition Commission of India, 17 September 2026.