Cabinet approves IREDA public issue

index.jpgSource: The Hindu Business Line, June 07, 2017

New Delhi: The Union Cabinet on Wednesday approved the initial public offer (IPO) of Indian Renewable Development Agency (IREDA) to issue 13.9 crore fresh equity shares of Rs 10 each to the public on a book-building basis, said a tweet by the Press Information Bureau.The Cabinet also approved issue of shares to retail investors and IREDA employees at a discount of 5 per cent on the issue price of each equity share on a book-building basis.

“This will enable IREDA to increase its equity base which will help them raise more debt resources for funding renewable energy projects,” said the statement.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: