RE Stock: IREDA shares in focus as subsidiary receives provisional certificate to commence business at GIFT City
The stock has been on a downward trend, recording losses for three consecutive days, which has resulted in a total decline of 9.02% over this period.
RE Stock: IREDA shares in focus as subsidiary receives provisional certificate to commence business at GIFT City
Shares of the Renewable PSU Stock are in focus as IREDA Global Green Energy Finance IFSC Limited received Certificate of Registration for commencing business as a Finance Company at Gift City, Gujarat.
According to the exchange filing made, the Company has informed that International Financial Services Centre Authority (IFSCA) vide its letter dated September 04, 2024 has granted the provisional registration to IREDA Global Green Energy Finance IFSC Limited, (a wholly owned subsidiary of IREDA Ltd) as a finance company at Gift City, Gujarat. In this regard, we are pleased to inform you that IREDA Global Green Energy Finance IFSC Limited now has received the Certificate of Registration dated 18.02.2025 from IFSCA to undertake the activities as a Finance Company.
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Shares of the Indian Renewable Energy Development Agency experienced a significant decline today, dropping by 3.14% as of February 18, 2025. This performance is notably weaker than that of its sector, trailing by 2.03%.
The stock has been on a downward trend, recording losses for three consecutive days, which has resulted in a total decline of 9.02% over this period.
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