New Delhi, Sept. 11 -- Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 453 crores at 7.70 pc per annum through its second use of Perpetual Bonds, marking a significant step in strengthening its capital base for financing green energy projects, an official statement said today.
"The issue drew strong investor interest, with total bids worth Rs 1343 crores 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," an official statement said.
Published by HT Digital Content Services with permission from United News of India....