IREDA zooms on planning to raise funds up to Rs 4500 crore
The scrip opened at Rs. 245.65and has touched a high and low of Rs. 265.75 and Rs. 245.65 respectively. Sofar 5769159 shares were traded on the counter.
The BSE group 'B' stock of facevalue Rs. 10 has touched a 52 week high of Rs. 310.00 on 15-Jul-2024 and a 52 week low of Rs. 49.99 on 29-Nov-2023.
Last one week high and low of thescrip stood at Rs. 265.75 and Rs. 238.30 respectively. The current market capof the company is Rs. 69263.70 crore.
The promoters holding in thecompany stood at 75.00%, while Institutions and Non-Institutions held 3.12% and21.88% respectively.
Indian Renewable EnergyDevelopment Agency (IREDA) is planning to raise funds by way of equity sharecapital for an amount aggregating of upto Rs 4500 crore in one or more tranchesthrough Further Public Offer (FPO) / Qualified Institutional Placement (QIP) /Right Issue / Preferential Issue or any other permitted mode or a combination,as may be deemed appropriate, subject to the Statutory or Govt. Approval.
The board meeting of IndianRenewable Energy Development Agency is scheduled to be held on August 29, 2024,inter-alia, to consider and approve the same.
IREDA is a Public LimitedGovernment Company established as a Non-Banking Financial Institution in 1987engaged in promoting, developing and extending financial assistance for settingup projects relating to new and renewable sources of energy and energyefficiency/conservation with the motto: ‘Energy For Ever’.
