IREDA raises Rs 12.47 billion through perpetual bonds
The Indian Renewable Energy Development Agency (IREDA) has launched its first-ever perpetual bonds, raising Rs 12.47 billion at an annual coupon rate of 8.40 per cent. This move aims to optimize its capital structure and take advantage of favourable market conditions. The bond issuance is a key step in enhancing IREDA’s Tier-I capital, ensuring a stronger financial foundation to support India’s growing green energy infrastructure. Alongside this, IREDA has received a Rs 0.24 billion tax…