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(05/06/2026 10:14)

ACME Solar raises Rs 2,800 crore through QIP

ACME Solar Holdings has successfully completed a Rs 2,800 crore Qualified Institutional Placement (QIP), marking its first equity fund raise since its stock market listing in 2024.

The issue witnessed strong participation from a diverse group of domestic and international institutional investors, including SBI Mutual Fund, Nippon India 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 strong response from marquee investors underscores confidence in ACME Solar's execution track record and its renewable energy expansion pipeline.

The company stated that the proceeds from the QIP will primarily be utilized to reduce debt and strengthen its balance sheet, improving financial flexibility for future growth opportunities.
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