Ireda plans FPO to unlock equity needs
Business Standard|May 22, 2024
Public sector non-banking financial company (NBFC) Ireda Limite will issue a follow-on public offering (FPO) during the current financial year to boost its equity capital.
SHREYA JAI

The NBFC, which is under the aegis of the Ministry of New and Renewable Energy (MNRE), is aiming to raise ₹24,200 crore in this financial year.

Ireda launched its IPO in December 2023 and debuted on Dalal Street after two failed attempts in the past decade. It is currently the only public sector NBFC focused on the green energy sector.

PK Das, chairman and managing director, Ireda said: "We feel we would require more equity capital. Raising debt is not a problem for us. The project size in green energy is getting bigger and we intend to support the sector's growth.

هذه القصة مأخوذة من طبعة May 22, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 22, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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