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Tag: IRDEA

  • Indian Market

IREDA will raise Rs 1,500 crore by issuing 11-year bonds.

guna@fastura.com4 months ago02 mins

The Indian Renewable Energy Development Agency (IREDA) intends to sell bonds with an 11-year maturity to raise Rs 1,500 crore ($172.95 million). According to Reuters, which cited three bankers, it has a greenshoe option of Rs 1,000 crore. The company has asked bankers and investors to submit bids for coupons and promises. There was no…

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  • Indian Market

The IREDA board has approved raising Rs 5000 crore through QIP.

guna@fastura.com5 months ago02 mins

The key role of renewable power The IREDA board has authorized the funding of Rs 5000 crore in one or more tranches through a QIP or placement of qualifying institutions. According to the exchanges’ filing, the board has determined that shareholder permission is required for fundraising, and government ownership cannot reduce the company’s post-issue paid-up…

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