India, June 11 -- The Government of India issued the following news release:
Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised rs2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilized by issuing 12.15 crore equity shares at a price of rs165.14 per share, which includes a premium of rs155.14 per share over the face value of rs10.
The issue price of rs165.14 reflects a discount of 5.00% to the floor price of rs173.83 per equity share. Launched on June 5, 2025, the QIP issue closed on June 10, 2025, receiving an encouraging response from a diverse set of both domestic and foreign qualified institutional buyers (QIBs) including insurance companies, scheduled commercial banks an...