Mumbai, June 11 -- June 11, 2025:Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised Rs.2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilized by issuing 12.15 crore equity shares at a price of Rs.165.14 per share, which includes a premium of Rs.155.14 per share over the face value of Rs.10.
The issue price of Rs.165.14 reflects a discount of 5.00% to the floor price of Rs.173.83 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 and foreign portfolio investors. The Boar...