Indian Renewable Energy Development Agency Limited — Board Meeting, 11-06-2025: Outcome of Board Meeting

Indian Renewable Energy Development Agency Limited has announced a board meeting on approving a Qualified Institutions Placement (QIP) of 12.15 crore shares at ₹165.14 each, raising ₹2,005.90 Cr. Post-issue, paid-up equity capital rises to ₹2809.23 Cr from ₹2687.76 Cr. LIC secured half the QIP, with key institutional investors like Societe Generale and Morgan Stanley also participating. This capital infusion boosts the company’s firepower to drive its renewable energy expansion and growth strategy.