Saturday, March 29
Shares of Indian Renewable Energy Development Agency (IREDA) climbed as much as 1.1% on Monday to Rs 209.50 on the BSE following the company’s announcement of the date for its board meeting to approve a fund-raising proposal through a Qualified Institutional Placement (QIP).The IREDA board is scheduled to meet on Thursday, 23 January 2025, to consider and approve the fund-raising plan via the QIP route.“This is to inform you that the meeting of the board of directors of IREDA is scheduled to be held on Thursday, 23 January 2025, inter alia to consider and approve raising of funds through the issuance of equity shares by way of a QIP,” IREDA said in an exchange filing.Last year, IREDA's board had approved raising a sum of Rs 4,500 crore by selling shares to eligible institutions.Also
