November 22, 2024 22:44 (IST)
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IREDA gets nod for Rs 4,500 cr fundraise via QIP route; govt to offload 7% stake

IREDA gets nod for Rs 4,500 cr fundraise via QIP route; govt to offload 7% stake

New Delhi: The Indian Renewable Energy Development Agency (IREDA) has received approval from the Department of Investment and Public Asset Management (DIPAM) to raise up to Rs 4,500 crore through a fresh equity share issue via a Qualified Institutional Placement (QIP).