The New Delhi-based utility firm announced Monday that Harsh Shah had resigned, after beginning the role in July. Azure also said it had received a whistleblower report in May “alleging potential procedural irregularities and misconduct” by staff at a subsidiary’s plant. (The Logic)

Talking point: Azure’s stock fell as much as 59.5 per cent from its Friday closing price on the New York Stock Exchange. The rout has already attracted potential new challenges, with Block & Leviton LLP, a Boston-based securities law firm, soliciting investors for a possible stock-drop lawsuit. (It’s previously gone after the likes of Nikola and Biogen). Azure’s largest shareholders are Canadian pension fund managers; Montreal-based Caisse de dépôt et placement du Québec (CDPQ) holds a 53.4 per cent stake, while OMERS owns 21.4 per cent. CDPQ did not immediately respond to a request for comment, while OMERS declined. Azure operates solar- and other renewable-power installations, a hot commodity for foreign institutional investors as India plots its energy transition.