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Ireda Approves Fund Raise Of Rs 5,000 Crore Via QIP, Shares Hit Nearly Two-Month Low

Indian Renewable Energy Development Agency Ltd. on Thursday approved a fund raise of up to Rs 5,000 crore through qualified institutional placement. The shares of the company fell to nearly two-month-low.

The fund raise will be through one or more tranches, the company said through an exchange…

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