IREDA share: To examine and accept the plan for fund-raising, the Indian Renewable Energy Development Agency (IREDA) Limited has scheduled a board meeting for January 23, 2025. Following a proposal to raise money through the issuing of equity shares through Qualified Institutions Placement (QIP), the Navratna PSU company scheduled a board meeting. Therefore, when trading activity begins on Monday of next week, it is anticipated that IREDA's share price will continue to trail Indian stock market investors following this fundraising action.
IREDA news"This is to inform you that the meeting of the Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) is scheduled to be held on Thursday, January 23, 2025, inter alia to consider and approve the following," the Indian PSU, which offers financial assistance and other services to projects related to renewable energy sources and energy efficiency/conservation, told Indian stock market exchanges. 1] Fundraising by the issuing of equity shares through a qualified institutions placement ("QIP"), in compliance with applicable laws, subject to the consent of the Company's shareholders and any legislative, regulatory, or governmental authorities as needed.
"Further, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, read with amendment thereto and Company's Policy under the said regulations the" Trading Window "for dealings in the Company's securities shall be closed from January 18, 2025 till 48 hours after the conclusion of the board meeting," the public sector entity stated.
History of IREDA share prices
One of the multibagger initial public offerings (IPOs) that the Indian stock market has produced in recent years is the IREDA IPO. In November 2023, the IREDA IPO was introduced, with each equity share priced between ₹30 and ₹32. On November 29, 2023, IREDA's share price was listed at a staggering 55% on both the BSE and NSE. The bull run didn't stop there, though. In less than eight months after becoming public, the Navratna stock increased by more than 850 percent, reaching a record high of ₹310 per share on the NSE on July 12, 2024.
History of IREDA share prices
One of the multibagger initial public offerings (IPOs) that the Indian stock market has produced in recent years is the IREDA IPO. In November 2023, the IREDA IPO was introduced, with each equity share priced between ₹30 and ₹32. On November 29, 2023, IREDA's share price was listed at a staggering 55% on both the BSE and NSE. The bull run didn't stop there, though. In less than eight months after becoming public, the Navratna stock increased by more than 850 percent, reaching a record high of ₹310 per share on the NSE on July 12, 2024.
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