India: IREDA IPO Surges 73%

🇮🇳 🇮🇳 BREAKING: Indian Renewable Energy Development Agency Ltd., an Indian state-controlled shadow lender that provides funding for renewable energy projects, jumped in its first day of trade in Mumbai, underscoring interest in sustainability-related firms in the South Asian country. Its shares climbed as much as 73% to 55.45 rupees. They were sold at 32 rupees each in an initial public offering that that raised 21.5 billion rupees ($258 million)
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