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IREDA to raise ₹3,000 cr via QIP in FY26
Financial Express Lucknow
|July 22, 2025
STATE-OWNED LENDER Indian Renewable Energy Development Agency (IREDA) plans to launch a second tranche of qualified institutional placement (QIP) of equity shares worth around ₹3,000 crore in the current financial year.
STATE-OWNED LENDER Indian Renewable Energy Development Agency (IREDA) plans to launch a second tranche of qualified institutional placement (QIP) of equity shares worth around ₹3,000 crore in the current financial year. The company raised ₹2,005 crore through QIP in June this year. In the upcoming round, the government will dilute a 3.76% stake, after having diluted 3.24% in the first tranche.
"The ₹3,000 crore of equity fund will enable us to lend ₹24,000 crore," Pradip Kumar Das, chairman & managing director, IREDA said, adding that they will tap the market depending on the market conditions.
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