Indian Renewable Energy Development Agency Ltd (IREDA) said it has raised ₹453 crore at 7.70% per annum through its second issue of Perpetual Bonds, a step that strengthens its capital base for financing green energy projects. The issue drew total bids worth ₹1,343 crore against the base size of ₹100 crore and a Green Shoe […]
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The National Company Law Tribunal (NCLT) admitted Gensol Engineering Ltd. and its arm Gensol EV Lease Ltd for insolvency resolution following separate petitions filed by Indian Renewable Energy Development Agency Ltd. (IREDA). However, NCLT appointed an alternative interim resolution professional (IRP) for both the companies, while rejecting the name proposed by IREDA. On May 14, State-run IREDA had filed an […]
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