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NSE: IREDA will set up a subsidiary in Gift City, with approval from RBI, IREDA’s presence in Gift City, IREDA will play an important role in its mission to pursue innovative solutions for green financing.
On February 9, IREDA shares opened on BSE with a decline of 5 percent from the previous closing price and hit the lower circuit at Rs 179.55.
Since listing, IREDA shares have given returns of 215 percent.
NSE: IREDA Share has increased by +76.80 in the last 1 month, +119.60
NSE: IREDA to set up a subsidiary in Gift City
Indian Renewable Energy Development Agency Limited (IREDA) has received approval to set up a wholly owned subsidiary in the International Financial Services Center (IFSC) located at GIFT City, Gujarat. The company has received this approval from the Reserve Bank of India (RBI). IREDA (Indian Renewable Energy Development Agency) has sent information in this regard to the stock exchanges.
The company said its subsidiary will not only pave the way for IREDA to gain global exposure but will also act as an offshore platform to access competitive funding to drive the growth of the renewable energy sector.
IREDA share movement
On February 9, IREDA shares opened on BSE with a decline of 5 percent from the previous closing price and hit the lower circuit at Rs 179.55. The stock’s 52-week low is Rs 49.99. The market cap of the company is Rs 48,258.82 crore. IREDA was listed on the stock exchanges on 29 November 2023. Since then the stock has seen a rise of 215 percent.
Conclusion
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