New Delhi: Indian Renewable Energy Development Agency (IREDA) share price zoomed 7 per cent on August 22, 2024, i.e. Thursday, a day after the Public sector non-banking financial company (NBFC) announced to issue a follow-on public offering (FPO) of Rs 4,500 crore.
The IREDA board of directors will meet on August 29 to get the approval for the same, the NBFC informed the exchanges.
IREDA share was trading at Rs 255.60 at 10:20 am on 22nd August. The stock has turned out to be a multibagger since its listing on November 29, 2023. IREDA share price jumped over 50 per cent in the last six months and rallied over 325 per cent since its listing day.
“This is to inform that Board meeting of Indian Renewable Energy Development Agency Limited is scheduled to be held on Thursday, August 29, 2024, inter-alia, to consider and approve the proposal for raising of funds by way of equity share capital for an amount aggregating of upto Rs. 4500 Crore in one or more tranches through Further Public Offer (FPO) / Qualified Institutional Placement (QIP) / Right Issue / Preferential Issue or any other permitted mode or a combination, as may be deemed appropriate, subject to the Statutory or Government Approval,” IREDA mentioned in its exchange filing.
Indian Renewable Energy Development Agency (IREDA) share price jumped 7 per cent in the morning trade on August 22, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
