New Delhi, Sep 11
The Indian Renewable Energy Development Agency Limited (IREDA) on Thursday announced that it has successfully raised Rs 453 crore through its second issue of perpetual bonds, offering a 7.70 per cent annual interest rate.
The fundraising took place on September 11 and received a strong response from investors, with bids worth Rs 1,343 crore.
Against a base size of Rs 100 crore and a green shoe option of Rs 400 crore, the issue was oversubscribed 2.69 times.
Meanwhile, earlier this year, IREDA has successfully raised Rs 2,005.90 crore through Qualified Institutions Placement (QIP).
The Indian public sector enterprise said on June 11 that the capital was mobilised by issuing 12.15 crore equity shares at a price of Rs 165.14 per share, which includes a premium of Rs 155.14 per share over the face value of Rs 10.