Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
IREDA · price
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IREDA has received an exemption from the Reserve Bank of India (RBI) dated May 14, 2025, from certain provisions (paras 46.2 (i) and (iii)) of the Master Direction on NBFC Scale Based Regulation, 2023. The exemption allows IREDA to proceed with a proposed 5% equity investment each in GMR Upper Karnali Hydropower Limited (GUKHL) and Karnali Transmission Company Pvt Ltd. (KTCL), both based in Nepal. This follows IREDA's earlier communication dated March 8, 2025. The exemption is subject to compliance with conditions specified by RBI. IREDA is a government-owned renewable energy financing NBFC listed on NSE and BSE.
This is a positive regulatory development for IREDA as it clears a key RBI hurdle for expanding its footprint into Nepal's hydropower and transmission sectors. Shareholders may view this as a step toward diversification of IREDA's investment portfolio beyond domestic renewable energy financing, though the 5% stake suggests a minority/strategic investment rather than a transformative deal.