IREDA seeks Sebi's nod to raise up to Rs 1,000 cr

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Press Trust Of India
Last Updated : Jan 23 2014 | 10:42 PM IST
State-owned Indian Renewable Energy Development Agency (IREDA) has sought approval from the Securities and Exchange Board of India (Sebi) to raise up to Rs 1,000 crore through tax-free bonds.

IREDA said the proposed bonds would be issued in one or more tranches. Proceeds of the issue would be utilised towards financing renewable energy and energy efficiency projects and augmenting resources.

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First Published: Jan 23 2014 | 10:36 PM IST

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