Indian Renewable Energy Development Agency (IREDA) Plans Up To ₹3,000 Crore Share Sale Via QIP

Overview

State-run Indian Renewable Energy Development Agency (IREDA) plans to raise up to ₹3,000 crore through a Qualified Institutional Placement (QIP). The issue is expected to be priced at a 5% discount to the current market price. This follows a ₹2,000 crore QIP conducted in June. IREDA aims to bolster its capital for further renewable energy project financing.