@1957 IREDA might do an FPO (Follow-On Public Offer) or issue Perpetual Debt Instruments in FY25, but it’s not confirmed yet.
IREDA FPO in the works? Here is what the management said - CNBC TV18
Can anyone with FPO experience explain how FPOs or Debt Instruments help a company besides reducing debt? How do stock prices usually react to such news?
For IREDA, the recent price increase seems to be based on this news. If a company plans to reduce debt, I see that as positive. Shouldn’t investors add up now instead of waiting for the FPO?
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