Acquisitions6 Sept 2025, 02:16 am
ACME Solar Holdings to Acquire AK Renewable Infra for INR 79.25 Crores
AI Summary
ACME Solar Holdings Ltd. has approved the acquisition of 100% equity shares of AK Renewable Infra Private Limited for an Enterprise Value of INR 79.25 Crores. The Target Company, incorporated in 2021, is in the business of developing renewable energy parks in India and has secured all development rights for 300 MW capacity in Rajasthan. This acquisition is expected to enhance ACME's project pipeline, accelerate project execution, and expedite revenue & profitability.
Key Highlights
- ACME Solar Holdings to acquire AK Renewable Infra Private Limited
- Enterprise Value of INR 79.25 Crores
- Target Company incorporated in 2021, engaged in renewable energy park development
- Secured development rights for 300 MW capacity in Rajasthan
- Expected to enhance project pipeline, accelerate project execution, and expedite revenue & profitability