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What is the story about?
Shares of ACME Solar Holdings Ltd. gained on Monday, June 1, after people in the know told CNBC-TV18 that the company is likely to launch a qualified institutional placement (QIP) as early as this week, to raise up to ₹2,500 crore.
The QIP funds are likely to aid capex and growth plans, sources said. The equity dilution will help the company meet the SEBI minimum public shareholding (MPS) norms as well, the sources added.
CNBC-TV18 has reached out to ACME Solar but the company is yet to respond to its query.
At the end of the March quarter, the promoter entity held a 83.3% stake in ACME Solar. In August 2025, the company's board had approved raising funds to the tune of ₹3,000 crore.
Last week, the company said it has, via its wholly-owned subsidiary ACME Surya Power Pvt. Ltd. commissioned the additional 34.59 MW / 155.49 MWh capacity of the battery energy storage system (BESS) project in the Bikaner district of Jaisalmer, Rajasthan. With this, its arm achieved a cumulative commissioned capacity of 245.53 MW/1,103.39 MWh, the company said.
Shares of ACME Solar are off the highs of the day, currently trading 1.7% higher on Monday at ₹315.3. The stock is still up 33% so far this year, and is now trading above its issue price of ₹289.
Also Read: Wockhardt shares jump 45% in five sessions after USFDA approval for key breakthrough drug
The QIP funds are likely to aid capex and growth plans, sources said. The equity dilution will help the company meet the SEBI minimum public shareholding (MPS) norms as well, the sources added.
CNBC-TV18 has reached out to ACME Solar but the company is yet to respond to its query.
At the end of the March quarter, the promoter entity held a 83.3% stake in ACME Solar. In August 2025, the company's board had approved raising funds to the tune of ₹3,000 crore.
Last week, the company said it has, via its wholly-owned subsidiary ACME Surya Power Pvt. Ltd. commissioned the additional 34.59 MW / 155.49 MWh capacity of the battery energy storage system (BESS) project in the Bikaner district of Jaisalmer, Rajasthan. With this, its arm achieved a cumulative commissioned capacity of 245.53 MW/1,103.39 MWh, the company said.
Shares of ACME Solar are off the highs of the day, currently trading 1.7% higher on Monday at ₹315.3. The stock is still up 33% so far this year, and is now trading above its issue price of ₹289.
Also Read: Wockhardt shares jump 45% in five sessions after USFDA approval for key breakthrough drug
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