IREDA launches Rs 5,000 crore QIP, but who really owns the stock?
State-run Indian Renewable Energy Development Agency (IREDA) has launched its much-anticipated Qualified Institutional Placement (QIP) to raise up to Rs 5,000 crore, as the renewable energy financier looks to fund its next phase of growth. The floor price has been set at Rs 172.4 per share, just 2.3% below Thursday’s close of Rs 176.50. Shares…