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IREDA’s Board Approves Fundraise of ₹29.94 Billion Through QIP

The government’s share in the lender will not dilute by more than 3.76% after the QIP

February 9, 2026

/ Parth Shukla
/ Finance and M&A, Renewable Energy
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The board of directors of government-owned lender, Indian Renewable Energy Development Agency (IREDA), has approved a fundraise of ₹29.94 billion (~$330.14 million) through a qualified institutions placement (QIP).

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Parth Shukla

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