Ireda to float FPO of Rs 4,500 crore; firm to take nod in meeting on Aug 29

Quick Summary:

The NBFC, which is under the aegis of the Ministry of New and Renewable Energy (MNRE), is aiming to raise Rs 24,200 crore in 2024-25.

During 2023-24, Ireda disbursed loans worth Rs 25,089 crore.

This includes fundraising through bonds, perpetual debt instruments (PDI), term loans, commercial papers, and external commercial borrowings (ECB), according to a regulatory filing by the company in April.

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Article Details

Category: BusinessFinance

Markets: India

Topics: IREDA IPO Ireda IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 19:40:04 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 510 words

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Sentences: 21 lines

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Copyright Owner: © Business Standard

News ID: 22195952

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