ACME Solar Incorporates Four Wholly Owned Subsidiaries
ACME Solar Holdings Ltd has announced the incorporation of four new wholly owned subsidiaries: ACME Greentech Twenty Five Private Limited, ACME Greentech Twenty Six Private Limited, ACME Greentech Twenty Seven Private Limited, and ACME Greentech Twenty Eight Private Limited. These entities have been established with an objective to undertake businesses related to the development, establishment, and operation of power generation and renewable energy projects. The incorporation involved a cash consideration of ₹1,00,000 for each subsidiary, representing 100% subscription to their initial paid-up share capital. This move is expected to facilitate the company's expansion in the renewable energy sector.
Key Highlights
- ACME Solar Holdings Ltd has incorporated four new wholly owned subsidiaries.
- The subsidiaries are named ACME Greentech Twenty Five to Twenty Eight Private Limited.
- These entities will focus on renewable energy project development and operations.
- Each subsidiary was established with a cash investment of ₹1,00,000.
- This expansion aims to bolster ACME Solar's presence in the renewable energy market.
Price Impact
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