Bengaluru, July 10 -- The shares of the non-banking financial institution gained up to 2 percent in today's trading session after the company received government nod to raise funds via capital gains bonds.

With a market capitalization of Rs 47,405.78 crore, the shares of Indian Renewable Energy Development Agency Ltd were trading at Rs 168.95 per share, increasing around 1.84 percent as compared to the previous closing price of Rs 165.90 apiece.

The shares of Indian Renewable Energy Development Agency Ltd have seen bullish movement after receiving government approval to raise funds through 54EC capital gains bonds, becoming the sixth PSU allowed to do so after REC, PFC, NHAI, HUDCO, and IRFC. Funds raised must be used for renewable ener...