
Subsidiary19 Sept 2026, 10:00 pm
ACME Solar Incorporates Wholly Owned Subsidiary
AI Summary
ACME Solar Holdings Ltd has announced the incorporation of a new wholly owned subsidiary, "ACME Greentech Twenty Nine Private Limited". This subsidiary has been established with the objective of undertaking businesses related to the development, establishment, and operation of power generation and renewable energy projects. The incorporation was completed on September 18, 2026, with an initial paid-up share capital of ₹1,00,000, fully subscribed in cash by the parent company. This move signifies ACME Solar's strategic expansion within the renewable energy sector.
Key Highlights
- ACME Solar Holdings Ltd has incorporated a new wholly owned subsidiary.
- The subsidiary, ACME Greentech Twenty Nine Private Limited, will focus on renewable energy projects.
- Initial investment of ₹1,00,000 made via cash subscription.
- This marks a strategic expansion in the renewable energy sector.
Price Impact
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