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.