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NYSE has agreed to provide an additional trading period of 5 months to Azure Power to file its audited FY2022 financial results even as the Indian renewable company is seeking waivers from its lenders to prevent acceleration of loans.
The New York-listed company was downgraded by Moody’s and Fitch last month (January) as it could not file its audited results for the financial year ending March 2022 amid corporate governance issues, as reported by IJGlobal.
NYSE’s latest breather on the deadline to file the audited earnings involves reassessments on an on-going basis, including some milestones. “Failure to...