At meeting held on 11 June 2025
The Board of Indian Renewable Energy Development Agency at its meeting held on 11 June 2025 has approved the allotment of 12,14,66,562 equity shares of face value of Rs 10 each, to eligible qualified institutional buyers at the Issue price of Rs 165.14 per equity share (including a premium of Rs 155.14 per equity share, (which includes a discount of Rs 8.69, i.e., 5% on the floor price, as determined in terms of SEBI ICDR Regulations), aggregating to Rs 2,005.90 crore.Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the Company stands increased from Rs 26,87,76,47,060 crore consisting of 2,68,77,64,706 equity shares to Rs 28,09,23,12,680 crore consisting of 2,80,92,31,268 equity shares each.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app