New Delhi, Feb 24 (PTI) State-owned IREDA has got shareholders' approval for raising up to Rs 5,000 crore through issuance of equity shares to qualified institutional buyers.

The proposal received the shareholders' nod at the 22nd Extraordinary Genera Meeting on Monday.

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All the resolutions as mentioned in the notice for the EGM have been duly approved and passed by the shareholders as a special resolution with requisite majority, a BSE filing said.

As per the notice, the company anticipates growth opportunities in its existing operations and continues to evaluate various avenues, for which it requires capital.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)