IREDA to Raise Nearly ₹3,000 Crore by Selling Shares to Big Investors

IREDA to Raise Nearly ₹3,000 Crore by Selling Shares to Big Investors

February 7, 2026

New Delhi – The board of Indian Renewable Energy Development Agency Ltd (IREDA) has agreed to raise about ₹2,994 crore by selling shares to qualified institutional investors under a Qualified Institutional Placement (QIP) plan, the company said after a board meeting on Friday. The exercise will be done in one or more parts, and the government’s stake won’t be cut by more than 3.76 % of total shares after the issue.

IREDA is a state-owned non-banking finance company that supports renewable energy projects in India. The QIP plan now approved still needs clearance from shareholders and regulatory bodies before any share sale can take place. The board decision comes as part of efforts to strengthen the company’s funds to support its growing lending and financing operations in the renewable energy sector.

In a regulatory filing after markets closed, the company said the plan would be structured so that the Government of India’s ownership remains largely intact, limiting dilution to a maximum of 3.76 % of post-issue equity share capital. The fundraising may help IREDA expand its capacity to back new clean energy projects and manage its overall capital needs.

IREDA’s shares ended lower on the day the announcement was made, reflecting market reaction to the proposed capital raising. In its most recent quarterly results, the company reported a rise in revenue and profit as compared with the previous year, underlining its continued growth in financing renewable energy infrastructure