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IREDA shares take a hit, but company plans big fundraising move
Business
IREDA's stock has been on a rough streak, dropping for seven days in a row and losing 58% of its value since its July 2024 high.
Even with this slide, the current price is still way above its original IPO level.
What's next for IREDA?
To bounce back, IREDA is looking to raise ₹3,000 crore through another Qualified Institutional Placement (QIP), after already raising ₹2,000 crore earlier this year.
The government still owns nearly 72% of the company.