ACME Solar Raises Rs 28 bn Through Institutional Placement
POWER & RENEWABLE ENERGY

ACME Solar Raises Rs 28 bn Through Institutional Placement

Gurugram, June five, 2026: ACME Solar Holdings said it has successfully completed a Rs 28 billion (bn) qualified institutions placement (QIP), the company's first equity capital raise since listing in 2024. The transaction drew strong participation from a diversified mix of existing and new institutional investors and was described by the company as reflecting investor conviction in its execution capabilities. The placement was structured to strengthen the balance sheet and support an ongoing capacity expansion pipeline.

Participating investors included leading domestic mutual funds and major insurance companies alongside foreign institutional investors. Named participants comprised SBI Mutual Fund, Nippon Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet. The company said the mix demonstrated broad market interest across asset managers and sovereign and private institutional investors.

The proceeds will be applied primarily to reduce leverage and enhance overall balance sheet strength, the company stated. ICICI Securities Limited and IIFL Capital Services Limited acted as book-running lead managers to the placement. Legal counsel to the company was Shardul Amarchand Mangaldas & Co while Cyril Amarchand Mangaldas and Hogan Lovells advised the lead managers.

ACME Solar Holdings Limited was described as an integrated renewable energy player with an aggregated contracted capacity of 8,070 megawatts (MW) and in-house engineering, procurement and construction and operation and maintenance divisions. The company develops, builds, owns, operates and maintains utility scale renewable projects and generates long-term revenue through fixed-tariff power purchase agreements with central and state government-backed off-takers. For further details the press release included corporate communications contacts and the filing was published on the stock exchange.

Gurugram, June five, 2026: ACME Solar Holdings said it has successfully completed a Rs 28 billion (bn) qualified institutions placement (QIP), the company's first equity capital raise since listing in 2024. The transaction drew strong participation from a diversified mix of existing and new institutional investors and was described by the company as reflecting investor conviction in its execution capabilities. The placement was structured to strengthen the balance sheet and support an ongoing capacity expansion pipeline. Participating investors included leading domestic mutual funds and major insurance companies alongside foreign institutional investors. Named participants comprised SBI Mutual Fund, Nippon Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet. The company said the mix demonstrated broad market interest across asset managers and sovereign and private institutional investors. The proceeds will be applied primarily to reduce leverage and enhance overall balance sheet strength, the company stated. ICICI Securities Limited and IIFL Capital Services Limited acted as book-running lead managers to the placement. Legal counsel to the company was Shardul Amarchand Mangaldas & Co while Cyril Amarchand Mangaldas and Hogan Lovells advised the lead managers. ACME Solar Holdings Limited was described as an integrated renewable energy player with an aggregated contracted capacity of 8,070 megawatts (MW) and in-house engineering, procurement and construction and operation and maintenance divisions. The company develops, builds, owns, operates and maintains utility scale renewable projects and generates long-term revenue through fixed-tariff power purchase agreements with central and state government-backed off-takers. For further details the press release included corporate communications contacts and the filing was published on the stock exchange.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code