Govt Schemes

Cabinet approves listing of Indian Renewable Energy Development Agency Limited on stock exchanges » Bhajpa Ki Baat

Cabinet Approves Release Of An Additional Instalment Of Dearness Allowance To Central Government Employees » Kamal Sandesh

The Cabinet Committee on Economic Affairs (CCEA) on 17 March,2023 chaired by the Prime Minister Shri Narendra Modi has approved for listing of IREDA – a CPSE under Ministry of New & Renewable Energy (MNRE) on the Stock Exchanges through an Initial Public Offer (IPO) by part sale of Government’s stake in it and to raise funds for IREDA through issue of fresh equity shares. Department of Investment and Public Asset Management (DIPAM) will drive the listing process.

This decision supersedes earlier CCEA decision taken in June, 2017 for allowing IREDA to issue 13.90 crore fresh equity shares of Rs. 10.00 each to the public on book building basis through IPO. The instant decision has been necessitated due to change in capital structure following infusion of capital to the tune of Rs. 1500 crore by the Government in March, 2022.

(News Source -Except for the headline, this story has not been edited by Bhajpa Ki Baat staff and is published from a BJP KS feed.)

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