The Ministry of Finance’s Department of Investment and Public Asset Management has invited bids from book-running lead managers (BRLMs) to help list the government’s equity in the Indian Renewable Energy Development Agency (IREDA). The government will choose up to three merchant bankers with experience in public offerings to form the BRLMs. The last day to submit the bids is April 28, 2023. Bids will be opened on May 1, 2023. The approval was granted due to the recent change in capital structure in IREDA following the infusion of ₹15 billion (~$181.75 million) by the government early last year.