IREDA Shares Today: Shares of IREDA rose 11.2% to an intraday high of Rs 265.70 after the company said that it is considering raising funds up to Rs 4,500 crore through Qualified Institutional Placement, rights issue, and other means, the company said in an exchange filing.

The company will propose the fundraising in front of the board of directors for its approval on August 29.

“…to consider and approve the proposal for raising of funds by way of equity share capital for an amount aggregating of up to Rs. 4500 Crore in one or more tranches through Further Public Offer (FPO) / Qualified Institutional Placement (QIP) / Right Issue / Preferential Issue or any other permitted mode or a combination, as may be deemed appropriate, subject to the St…