Archive · 18 Nov 2025
IREDA Seeks ₹3,000 Crore via QIP
IREDA, a state-run renewable energy financier, is planning to raise more money by selling shares to big investors.
They want to raise up to ₹3,000 crore, which is about 3000 crores.
They might sell these shares at a 5% discount.
Some banks will help with this process.
IREDA has done this before in June this year, raising ₹2,000 crore.
The Life Insurance Corporation (LIC) and other big funds bought shares in that sale.
IREDA to raise up to ₹3,000 crore via QIP
Discount of 5% on current market price likely
Motilal Oswal, SBI Cap, IDBI Capital, and Emkay are likely bankers
IREDA's board approved ₹5,000 crore QIP in June 2022
LIC and other funds were allotted shares in the previous QIP
- Who
- Indian Renewable Energy Development Agency (IREDA)
- What
- Raising funds via Qualified Institutional Placement (QIP)
- When
- Likely soon, following a previous QIP in June 2022
- Where
- India
- Why
- To fund renewable energy projects
- Funds to be raised
- Up to ₹3,000 crore
- Discount on current price
- 5%
- Likely bankers
- Motilal Oswal, SBI Cap, IDBI Capital, Emkay
- Previous QIP in
- June 2022
- Government shareholding
- 71.76%