IREDA Share Price | Now this PSU stock will not stop, will make you earn huge profits, buy it immediately – Hindi News
IREDA Share Price | The Government of India has approved the sale of 7 percent stake in IREDA i.e. Renewable Energy Development Authority of India. The stake will be sold through a qualified institutional placement. With this, the company will get Rs 4,500 crore. (IREDA Company Share)
company rights issue
The company is currently raising funds for financing. Recently the board of directors talked about rights issue, preferential issue and stake resolution options. The stock closed at Rs 227. This stock has given 10 times return to IPO investors in 10 months. IREDA's stock closed at Rs 227 on Wednesday, September 18. The market capitalization of the company is around Rs 61,110 crore. Currently, the Government of India holds 75% stake in the company. After QIB, the government's capital will come down to 68 per cent.
IREDA Multibagger Stock
IREDA stock has become a multibagger, with IREDA's IPO coming in November 2023 at ₹32. It had a strong listing at Rs 50. The stock hit an all-time high of Rs 310 in July. It is now at Rs 227. The stock is down 27 per cent from its all-time high. IPO investors' money is still 7 times the issue price.
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