Centre Approves listing of IREDA on Stock Exchange

Current context: IREDA has been approved through initial public offering (IPO) by the government stake and issue of equity shares. IREDA is a CPSE under Ministry of New and Renewable energy established in 1987.

• The listing process will be driven by Department of Investment and Public Asset Management.
• There will be change in capital structure following infusion of capital of 1500crores.
• The IPO will help in unlocking the government’s investment and provide opportunity to public to acquire stake.
• IREDA is a CPSE founded in 1987 engaged in financing renewable energy and energy financing projects in India.
• IREDA is a registered non banking financial institution (NBFC) with Reserve bank of India.

Question:

Q.1 IREDA has been approved through ____________ by the government stake under the teerma of RBI.
a. Central offering
b. IPO
c. SBI
d. Canara bank