Acme Solar Holdings' board has approved plans to raise up to Rs 3,000 crore in one or more tranches through equity and equity-linked instruments.
The company said the fundraising will be executed via qualified institutional placement (QIP), further public offer (FPO), private placement, or a combination of these routes, subject to necessary regulatory approvals. The capital infusion is aimed at strengthening Acme Solar’s financial base and supporting its longterm growth in the renewable energy sector.
The decision reflects a proactive strategy to ensure funding availability 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 rising demand for clean energy.