Government Approves Listing Of State-Owned IREDA By Selling Part Stake

IREDA Listing: The Union Cabinet on Friday approved the listing of Indian Renewable Energy Development Agency Limited (IREDA) on the stock exchanges through an initial public offering (IPO). Official sources said the objective is to raise funds by issuing fresh equity shares by IREDA. Sources said the Department of Investment and Public Asset Management (DIPAM) will go ahead with the listing process. This company will be listed through partial sale of government’s stake in the public sector unit.

case was going on for a long time

This decision supersedes the decision of the Cabinet Committee on Economic Affairs (CCEA) taken in June 2017, which allowed IREDA to issue 13.90 crore fresh equity shares of Rs 10 each to the public on book building basis through the IPO route Was. The change in capital structure after the government infused Rs 1,500 crore in March 2022 necessitated an immediate decision. The IPO will help unlock the value of the government’s investment on the one hand, and provide an opportunity to the public to acquire a stake in the national asset and benefit from it, on the other.

This decision will help IREDA to raise a part of its capital requirement

In addition, it will help IREDA to raise a part of its capital requirement to meet development plans without relying on public exchequer, and improve governance through greater market discipline and transparency arising out of listing requirements and disclosures will do

What is IREDA

is a wholly owned mini-ratna company engaged in financing renewable energy and energy efficiency projects in India.

read this also

Ratan Tata gets another Azim-o-Shan achievement, appointed in ‘Order of Australia’

Credit Suisse: Credit Suisse will get Sanjivani, this big bank is going to takeover – report

DC vs MI WPL 2023 Final Live Harmanpreet Kaur, Nate Sciver-Brunt Lead Mumbai Indians To Win WPL Season 1

WPL 2023 Final: Mumbai Indians have won the title of the first season of the Women's Premier League. Harmanpreet Kaur's ...
Read More

Julia Fox supports Emily Ratajkowski, Harry Styles fling

Julia Fox is living for Emily Ratajkowski’s single girl era. The “Uncut Gems” star commented on a Page Six Instagram ...
Read More

BCCI Announces Annual Player Retainership 2022-23 – Team India Know Details Here

BCCI Annual Contract List: BCCI has announced the annual contract of the players for the year 2022-23. Apart from Indian ...
Read More

Rohit Sharma and Sachin Tendulkar went to support Mumbai Indians women in WPL 2023 final against Delhi Capitals

Mumbai Indians Women Supporters: The final match of the Women's Premier League was played between Mumbai Indians and Delhi Capitals ...
Read More

Harmanpreet Kaur’s statement after Mumbai Indians women’s team won the WPL 2023 trophy

Statement of Harmanpreet Kaur: The final match of the first season of the Women's Premier League (WPL) was played on ...
Read More

WPL 2023: Mumbai Indians became the winner of the first season of Women’s IPL, know who got which award, prize money and everything

WPL 2023 Final:The final match of the Women's Premier League was played between Delhi Capitals and Mumbai Indians on 26 ...
Read More

April Fools Day 2023 History Meaning Interesting Facts Why It Is Celebrated Memes Social Media

April Fool's Day 2023: As the month of March ends and the month of April arrives, 'April Fool's Day' (April ...
Read More

WPL 2023 MI W won the first final against DC-W by 7 wickets at Brabourne Stadium

MI-W vs DC-W: The final match of the first edition of the Women's Premier League (WPL) was played between Delhi ...
Read More

IPL 2023 players can try at number 3 in the absence of Rajat Patidar, know details

IPL 2023: Rajat Patidar of Royal Challengers Bangalore may miss some matches of IPL due to ankle injury. Although official ...
Read More

Health Tips Is eating lemon with salt harmful, know expert’s advice Marathi News

health tips: Salad is considered very good for health in our diet. In this salad, many types of healthy vegetables ...
Read More

Leave a Comment