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Indian Renewable Energy Development Agency (IREDA) and Bank of Maharashtra plan to raise up to Rs 2,500 crore through bonds, money market sources said.
IREDA is set to raise up to Rs 1,500 crore, which includes Rs 1,000 crore as greenshoe option. Whereas, Bank of Maharashtra will raise Rs 1,000 crore, which includes Rs 750 crore in greenshoe.
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A greenshoe option gives the underwriter the right to sell investors more bonds than planned if the demand is higher than…
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