Indian solar power producer Azure Power files for a $100 million IPO

Azure Power, a indian low-cost utility scale solar power producer, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
The Madangir, India-based company, which was founded in 2009 and booked $22 million in sales for the 12 months ended June 30, 2015, plans to list on the NYSE under the symbol AZRE. Azure Power filed confidentially on 3/6/2015. Barclays is the sole bookrunner on the deal. No pricing terms were disclosed.

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