Indian Renewable Energy Development Agency Limited — Important, 11-06-2025: General Updates

Indian Renewable Energy Development Agency Limited has announced a board meeting approving a QIP allotment of 12.15 crore equity shares at ₹165.14 each, raising ₹2,005.90 Cr. Paid-up equity capital rose to ₹2809.23 Cr. Key investors include LIC (50% of the QIP), Societe Generale, Morgan Stanley Asia, and Vikasa India EIF I Fund. This capital raise boosts the company’s ability to finance renewable energy projects, strengthening its growth potential in the clean energy sector.