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IREDA raises ₹453 crore via oversubscribed bonds to boost renewable energy projects in India.
IREDA, an Indian state-owned renewable energy agency, raised ₹453 crore through its second issue of perpetual bonds, which offer a 7.70% annual interest rate.
The bonds were oversubscribed 2.69 times, showing strong investor interest.
The funds will be used to bolster IREDA’s capital base and support the financing of renewable energy projects in India, aiding the country's transition to clean energy.
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IREDA recauda ₹ 453 crore a través de bonos sobre suscritos para impulsar proyectos de energía renovable en la India.