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Azure Power: Early-Stage Investor Resigns from Board

According to reports, Azure Power, announced that early-stage investor and Board member, William “Bill” Elmore of Foundation Capital, resigned from the company’s Board of Directors today, which is the company’s fiscal year end. Foundation Capital owns 14.5% of Azure Power’s outstanding shares and Foundation Capital’s initial investment in Azure Power was in 2008.

Mr Elmore advised the Company that his decision to resign was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

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