Acme Solar Powers Up with Major ₹3,000 Crore Capital Raise

Acme Solar Holdings' board has approved a plan to raise up to ₹3,000 crore in one or more tranches through equity and equity-linked instruments.

The company stated that the fundraising will be conducted via qualified institutional placement (QIP), further public offer (FPO), private placement, or a combination of these methods, subject to necessary regulatory approvals. The capital raised will be used to strengthen Acme Solar’s financial foundation and support its long-term growth in the renewable energy sector.

This decision underscores a proactive strategy to ensure the availability of funding for scaling operations, exploring new opportunities, and maintaining financial flexibility. Acme Solar, one of India’s leading renewable energy developers, has been expanding its portfolio to meet the growing demand for clean energy.

News by Rahul Yelligetti.