Dhir & Dhir Associates advised Indian Renewable Energy Development Agency Limited (A Government of India Undertaking), on the public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto ` 1,716.00 Crore.

The Issue was subscribed 5.00 times of the base issue size on its opening day on Monday, December 30, 2013. The base issue size was ` 1,000.00 Crore with an option to retain oversubscription up to ` 716.00 Crore. The issue was pre-closed on January 1, 2014.