IREDA board sets QIP floor price at Rs 173.83 per share to raise up to Rs 5,000 crore

The IREDA board has set the Qualified Institutional Placement (QIP) floor price at Rs 173.83 per share to raise up to Rs 5,000 crore. This decision by the Indian Renewable Energy Development Agency (IREDA) outlines the terms for its capital-raising exercise through institutional investors. The QIP aims to bolster IREDA's financial strength, enabling it to further fund renewable energy projects across India. The floor price sets the minimum at which shares can be offered, and the significant fundraising target reflects IREDA's pivotal role in supporting India's green energy transition and ambitious climate goals.