Filing Details

 

CUSIP No. V0393H103

1	NAME OF REPORTING PERSONS     IFC GIF Investment Company I
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) o
3	SEC USE ONLY
4	SOURCE OF FUNDS (See Instructions)   WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)			o
6	CITIZENSHIP OR PLACE OF ORGANIZATION   Mauritius
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER   0
		8	SHARED VOTING POWER   8,389,452
		9	SOLE DISPOSITIVE POWER   0
		10	SHARED DISPOSITIVE POWER   8,389,452
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   8,389,452
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   Not Applicable			o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   20.6%
14	TYPE OF REPORTING PERSON (See Instructions)   CO

 

 

 

 

ITEM 1. SECURITY AND ISSUER

 

This amendment No. 1 (“Amendment No. 1”) to Schedule 13D relates to the Schedule 13D filed on October 21, 2016 (the “Original Schedule 13D”). This Amendment No. 1 relates to the equity shares at $0.000625 par value per share (the “Equity Shares”), of Azure Power Global Limited, a public company limited by shares incorporated in Mauritius on January 30, 2015 (the “Issuer”), with its principal executive offices located at 3rd Floor, Asset 301-304 and 307, WorldMark 3, Aerocity, New Delhi,110037, India. The Equity Shares are listed on the New York Stock Exchange under the ticker symbol “AZRE.” Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Original Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

 

Except as specifically amended by this Amendment No. 1, the Original Schedule 13D is unchanged.

 

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

 

Item 3 of the Original Schedule 13D is hereby amended and supplemented by adding the following information:

 

“On October 10, 2018, IFC GIF Investment Company I purchased an additional 3,200,000 Equity Shares in an underwritten public offering by the Issuer at the public offering price of $12.50 per Equity Share for an aggregate purchase price of $40,000,000. The source of the funds used by GIF Fund to acquire such additional Equity Shares was funds from its limited partners.”

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

 

Item 5 of the Original Schedule 13D is hereby amended and restated to read in full as follows:

 

“(a) GIF is the owner of all equity interests of GIF Fund, while GP controls GIF and possesses indirect voting power and dispositive control over GIF Fund and the Manager possesses management power over GIF Fund. As of the date of filing of this Schedule 13D, GIF Fund holds 8,389,452 Equity Shares.  Based on information disclosed in the Issuer’s Final Prospectus filed with the SEC on October 9, 2018 pursuant to Rule 424(b)(4) of the Securities Act of 1933, there were 40,823,790 Equity Shares deemed issued and outstanding.  As a result of the foregoing, for purposes of Reg. Section 240.13d-3, each of the Reporting Persons is deemed to beneficially own 8,389,452 Equity Shares, or 20.6% of the Equity Shares deemed issued and outstanding as of the Filing Date.  The number of Equity Shares outstanding does not give effect to the underwriters’ option to purchase up to an additional 1,200,000 Equity Shares within 30 days from the date of the Final Prospectus.  This report shall not be deemed an admission that each Reporting Person or any other person is the beneficial owner of the securities reported herein for purposes of Section 13 of the Securities Act, or for any other purpose.

 

(b) The aggregate number and percentage of Equity Shares beneficially owned by the Reporting Persons and the number of Equity Shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference.

 

(c) On October 10, 2018, GIF Fund purchased an additional 3,200,000 Equity Shares in an underwritten public offering by the Issuer at the public offering price of $12.50 per Equity Share for an aggregate purchase price of $40,000,000. Other than as reported herein, the Reporting Persons have not effected any transaction in the Equity Shares in the last 60 days.

 

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of Equity Shares.

 

(e) Not applicable.”

 

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

 

Exhibit 1

Joint Filing Agreement dated October 21, 2016 among the Reporting Persons (incorporated by reference to the Issuer’s Schedule D filed with the Securities and Exchange Commission on October 21, 2016).

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: October 24, 2018

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