Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Azure Power Global Limited (AZRE)

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Azure Power Global Limited (“Azure” or the “Company”) (NASDAQ: AZRE). The investigation concerns whether Azure and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

Azure is an independent solar power producer that designs, constructs, maintains, and operates solar energy projects.

On August 29, 2022, Azure announced the resignation of its Chief Executive Officer, less than two months after his appointment. The Company also disclosed that it had “received a whistleblower complaint in May 2022 alleging potential procedural irregularities and misconduct by certain employees at a plant belonging to one of its subsidiaries.” During the Company's review of these allegations, Azure “discovered deviations from safety and quality norms” and “also identified evidence of manipulation of project data and information by certain employees.” On this news, the price of Azure shares declined by $4.61 per share, or approximately 44.07%, from $10.46 per share to close at $5.85 on August 29, 2022.

If you purchased or otherwise acquired Azure securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at [e-mail], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

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