Azure Power has revised its Initial Public Offering (IPO). With the revised filing, Azure Power plans to raise $75 million (~Rs.5 billion) in place of the previously proposed $140 million (~Rs.9.32 billion). This revision is in the wake of the company’s plan to raise $75 million (~Rs.5 billion) through a “concurrent private placement” with CDPQ Infrastructures, a wholly owned subsidiary of Caisse de depot et placement du Quebec, an institutional investor managing public and parapublic pension funds in Canada.