IREDA Secures Approval for ₹4,500 Crore QIP; Government to Divest 7% Stake
IREDA Plans to Raise Funds Through QIP The Indian Renewable Energy Development Agency (IREDA) has received crucial approval from the Department of Investment and Public Asset Management (DIPAM) to proceed with raising funds via a Qualified Institutional Placement (QIP). The agency aims to raise approximately ₹4,500 crore by issuing fresh equity shares. As of September ...