Shares of state-run IREDA up 56.3% in pre-open debut trade
Shares of Indian Renewable Energy Development Agency (IREDA) surged 56.3% in their pre-open trading debut on Wednesday, valuing the state-owned firm at 134.39 billion rupees ($1.61 billion).
The stock was at 50 rupees in pre-open trade, compared with its initial public offer (IPO) price of 32 rupees.
The benchmark Nifty 50 index was up 0.5%.
Atul Tiwari is a seasoned journalist at Mumbai Times, specializing in city news, culture, and human-interest stories. With a knack for uncovering compelling narratives, Atul brings Mumbai’s vibrant spirit to life through his writing.
