India, Sept. 11 -- Indian Renewable Energy Development Agency (IREDA) has raised Rs. 453 crores at 7.70% per annum through its second issue of Perpetual Bonds today, marking a significant step in strengthening its capital base for financing green energy projects.The issue drew strong investor interest, with total bids worth Rs. 1,343 crore against the base size of Rs. 100 crore and a Green Shoe option of Rs. 400 crore. This resulted in oversubscription by 2.69 times, reflecting growing confidence in IREDA's role as a leading financier of India's renewable energy sector.
Published by HT Digital Content Services with permission from Pivotal Sources....