ACME Solar Raises Rs 2,800 Cr QIP for Renewable Energy

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Jun 05, 2026 11:35

ACME Solar, a renewable energy player, successfully raised Rs 2,800 crore through a QIP from marquee investors to reduce leverage and strengthen its balance sheet.

New Delhi, Jun 5 (PTI) Renewable energy player ACME Solar on Friday said it has raised Rs 2,800 crore through the Qualified Institutions Placement (QIP) route, its first equity capital raise, since listing in 2024.

The fundraising garnered strong participation from a mix of existing and new marquee investors, the company said in a statement.

The investors who participated in the QIP round include leading domestic mutual funds, major insurance companies and foreign institutional investors like SBI Mutual Fund (MF), Nippon MF, HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others.

The proceeds from the QIP will be used to reduce leverage and enhance the overall balance sheet strength.

ICICI Securities Ltd and IIFL Capital Services Ltd acted as the Book Running Lead Managers to the QIP.

ACME Solar Holdings Ltd (ACME Solar) is an integrated renewable energy player with an aggregated contracted capacity of 8,070 MW.

Source: PTI By Rediff Money Desk, New Delhi

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