Big news has come about the government company IREDA. The company's MD and Chairman Pradeep Kumar Das told Moneycontrol in an exclusive conversation that he hopes to get the approval of the central government to reduce its stake in the company in a few days. He said that to raise funds, IREDA has requested the government to reduce its stake by up to 10 percent. He said that it plans to raise Rs 4,500 crore to Rs 5,000 crore by March 2025.

Preparations to bring FPO- Further it is said that the government can approve it any day.  At the end of August, the board of IREDA approved the plan to raise funds through FPO or any other means. There is a plan to raise a loan of Rs 24,000 to 25,000 crore in the current financial year. It

is important for an investor to know about FPO i.e. Follow-on Public Offer- A listed company issues new shares in the secondary market through FPO to raise funds. Investors can also apply for FPO on the lines of IPO. The company decides the price band of the FPO and also tells the number of shares to be issued. FPO is for a fixed time period only. After receiving the shares of FPO, the buying and selling of these shares starts from a fixed date.