IREDA shares surge 4% on securing government’s nod for Rs 4,500 crore QIP
- Posted on September 19, 2024
- By Business News Today
- 2 Views
IREDA shares surge 4% on securing government’s nod for Rs 4,500 crore QIP
This QIP allows them to raise funds by issuing new shares to institutional investors, like banks and mutual funds. The government, which is a majority shareholder in IREDA, will reduce up to 7% of its stake by issuing new shares.
