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Indian Renewable Energy Development Agency Limited has announced a board meeting on June 5, 2025, approving the launch of a Qualified Institutions Placement (QIP) to raise funds through equity shares at a floor price of ₹173.83 each. The QIP targets institutional investors with a possible discount of up to 5%. Approvals for the preliminary placement document and application form are in place, and the final issue price will be decided with lead managers. Trading restrictions will apply until further updates.
All announcements from Indian Renewable Energy Development Agency Limited