Indian Renewable Energy Development Agency Limited (IREDA) has been in focus on Thursday. On February 27, 2025, IREDA share price opened at ₹173.55, the same as its previous close of ₹173.55. At 10:32 AM, the share price of IREDA was trading at ₹169.39, down by 2.40% on the NSE.
On February 24, 2025, IREDA shareholders approved a proposal to raise up to ₹5,000 crore through Qualified Institutions Placement (QIP) of equity shares in one or multiple tranches. The resolution was passed via remote e-voting during the 22nd Extraordinary General Meeting (EGM), chaired by CMD Shri Pradip Kumar Das. The plan also includes diluting the Government of India’s stake by up to 7% post-issue.
Shri Das highlighted IREDA’s strong financial performance, reporting a loan book of ₹68,960 crore, loan sanctions of ₹31,087 crore, and disbursements of ₹17,236 crore in the first nine months of FY 2024-25.
They further added that the QIP funds will enhance IREDA’s green financing capabilities and accelerate loan growth. Additionally, IREDA Global Green Energy Finance IFSC Limited, a wholly owned subsidiary, received regulatory approval to operate as a finance company at GIFT City, Gujarat, facilitating foreign currency lending and reducing hedging risks.
Through strategic fundraising and global expansion, IREDA aims to play a key role in advancing India’s clean energy ambitions while strengthening its financial position.
Post the announcement, on February 25, 2025, IREDA share price opened at ₹173.75 and touched the day’s high at ₹178.45 on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Feb 27, 2025, 10:59 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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