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Ireda eyes 30% loan growth; to raise ₹3,000 crore in second round of QIP
July 22, 2025
|The New Indian Express Kannur
THE country's largest renewable energy financier Ireda is bolstering its equity capital base with a second round of QIP issue worth at least ₹3,000 crore as the state-run company sees over 30% loan growth this fiscal. It will also be raising ₹30,000 crore in debt capital.
The Maharatna company had raised ₹2,005 crore in the first tranche of the QIP issue, through which the government had diluted 3.2% stake. The government had approved a total of 7% dilution this fiscal. "We had raised ₹2005.9 crore through the first tranche of the qualified institutional placement last month, through which the government diluted 3.2% of its stake. Since the government mandate to the board to bring it down by 7% this fiscal, we have scope for 3.8% more dilution, whi
هذه القصة من طبعة July 22, 2025 من The New Indian Express Kannur.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Kannur
The New Indian Express Kannur
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Why Left and VCK backed Vijay in ‘game of thrones’
Offer support to prevent President's Rule and BJP's back-door entry
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KEEP POLITICS AWAY FROM PUNJAB’S SECURITY WORRIES
THE recent explosions and attempted attacks in Punjab demand a calm and firm response instead of dramatic political reactions.
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