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What is the story about?
ACME Solar Holdings Ltd on Monday (June 1) has launched a qualified institutional placement (QIP) to raise up to ₹2,800 crore. The announcement confirms CNBC-TV18's newsbreak earlier today.
The issue comprises a base size of ₹2,600 crore along with a greenshoe option of ₹200 crore. The indicative issue price has been fixed at ₹279.50 per share, implying a discount of 9.02% to the closing price.
According to information accessed by CNBC-TV18, the proceeds from the issue will be used for repayment and/or pre-payment, fully or partly, of certain outstanding borrowings availed by or sanctioned to the company and some of its subsidiaries.
Also Read: ACME Solar bets big on capacity expansion as earnings visibility improves
The company also plans to utilise part of the proceeds for general corporate purposes. The QIP is expected to result in equity dilution of 11.82% of the pre-issue outstanding equity share capital.
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 of ₹3,000 crore.
In April this year, ACME Solar Holdings said its subsidiary ACME Eco Clean Energy Private Limited has received the certificate of commissioning dated April 16, 2026, from the Gujarat Energy Development Agency (GEDA) for its 16 MW wind power project.
As per the exchange filing, the project is located across villages Nana Morsal, Mota Kandhasan, Dhinkvali and Dhakaniya in taluka Chotila, Sayla, district Surendranagar.
Also Read: ACME Solar eyes ₹60-70 crore annual revenue from Andhra battery project
Shares of ACME Solar Holdings Ltd ended at ₹306.90, down by ₹3.65, or 1.18%, on the BSE today, June 1.
The issue comprises a base size of ₹2,600 crore along with a greenshoe option of ₹200 crore. The indicative issue price has been fixed at ₹279.50 per share, implying a discount of 9.02% to the closing price.
According to information accessed by CNBC-TV18, the proceeds from the issue will be used for repayment and/or pre-payment, fully or partly, of certain outstanding borrowings availed by or sanctioned to the company and some of its subsidiaries.
Also Read: ACME Solar bets big on capacity expansion as earnings visibility improves
The company also plans to utilise part of the proceeds for general corporate purposes. The QIP is expected to result in equity dilution of 11.82% of the pre-issue outstanding equity share capital.
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 of ₹3,000 crore.
In April this year, ACME Solar Holdings said its subsidiary ACME Eco Clean Energy Private Limited has received the certificate of commissioning dated April 16, 2026, from the Gujarat Energy Development Agency (GEDA) for its 16 MW wind power project.
As per the exchange filing, the project is located across villages Nana Morsal, Mota Kandhasan, Dhinkvali and Dhakaniya in taluka Chotila, Sayla, district Surendranagar.
Also Read: ACME Solar eyes ₹60-70 crore annual revenue from Andhra battery project
Shares of ACME Solar Holdings Ltd ended at ₹306.90, down by ₹3.65, or 1.18%, on the BSE today, June 1.
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