IREDA Share Price | Beneficial update on IREDA company, don't miss the opportunity to earn, rush for stock purchase – Hindi News
IREDA Share Price | IREDA shares are trading with gains. Recently, the company's management board said it would raise Rs 4,500 crore (NSE: IREDA). IREDA, a state-owned company, will seek to raise capital through qualified institutional placement. Shares of the company were trading 4 per cent up on Thursday. On Friday, September 20, 2024, IREDA stock is trading 1.23 per cent higher at Rs 232.85. (IREDA Company Extract)
Government will sell 7% stake
According to media reports, the Government of India will sell its 7 percent stake in IREDA. The Government of India has a total stake of 75 percent in IREDA. The board of IREDA has already approved raising Rs 4,500 crore. Government-owned company IREDA will raise funds through FPO, qualified institutional placement, rights issue or other means.
Plans to raise capital of Rs 30,000 crore
IREDA plans to raise Rs 30,000 crore through debt or equity in 2025-26. The company's FPO is expected to open in January 2025 or February 2025. The company has set a target of disbursing Rs 85,000 crore by the end of the current financial year.
The stock gave 100% return in 8 months
At the end of 2023-24, the loan disbursed by IREDA company was Rs 59.650 crore. The company's shares have given more than 100% return to its investors in 2024. The company's shares have fallen back after touching an all-time high of Rs 310.
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