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IREDA share price: Shares of IREDA surged 5.15 per cent to hit a high of Rs 193 in Wednesday's trade. The stock saw heavy trading volume on BSE today as around 41.99 lakh shares were last seen changing hands. The figure was higher than the two-week average volume of 23.83 lakh shares.
The Rs 2,150 crore initial public offering (IPO) was oversubscribed about 39 times in November 2023.
Indian Renewable Energy Development Agency Ltd (IREDA) is planning a follow on public offer (FPO) to meet future capital requirements, news agency PTI reported on Tuesday.
IREDA plans FPO and perpetual loan to raise funds for green energy projects, eyeing H1 FY26 for offering.
Separately, in March, the lender's board had approved a proposal of Rs 24,200-crore borrowing for 2024-25. The amount will be raised through taxable bonds, green taxable bonds, perpetual debt instruments, green masala bonds, green foreign currency bonds and external commercial borrowings, among others.