Ireda gets shareholders' approval to raise up to Rs 5,000 cr via QIP

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Ireda gets shareholders' approval to raise up to Rs 5,000 cr via QIP - Business Standard

Quick Summary:

All the resolutions as mentioned in the notice for the EGM have been duly approved and passed by the shareholders as a special resolution with requisite majority, a BSE filing said.

State-owned IREDA has got shareholders' approval for raising up to Rs 5,000 crore through issuance of equity shares to qualified institutional buyers.

The proposal received the shareholders' nod at the 22nd Extraordinary Genera Meeting on Monday.