In Short : IREDA has raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), issuing 12.15 crore equity shares at ₹165.14 each. The issue was oversubscribed 1.34 times, with LIC acquiring nearly half. Funds will strengthen IREDA’s Tier-I capital and support renewable energy financing, reinforcing investor confidence and advancing India’s green energy transition goals. In […]
Ireda board gives green light to Rs 5,000 crore fundraising through QIP – EQ
In Short : The IREDA board has approved raising ₹5,000 crore through a Qualified Institutional Placement (QIP). The funds will be utilized to boost renewable energy financing, supporting India’s clean energy transition. This move aligns with IREDA’s mission to expand green energy projects and accelerate the country’s progress toward achieving its sustainable development goals. In […]
Suzlon Energy launches QIP to raise up to Rs 2,000 crore – EQ Mag
Suzlon Energy said its committee set the floor price of the QIP at Rs 18.44 a piece. It is based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations. Shares of Suzlon Energy Ltd will be in focus on Thursday morning after the board of wind turbine maker announced launching of […]
