Corporate Action4 Jun 2026, 10:31 pm
ACME Solar Raises ₹2800 Cr via QIP
AI Summary
ACME Solar Holdings Ltd announced the successful allotment of 10,01,78,890 Equity Shares to qualified institutional buyers at ₹279.50 per share, raising approximately ₹28,000 million. The Qualified Institutions Placement (QIP) issue, which opened on June 1, 2026, and closed on June 4, 2026, saw the company's paid-up equity share capital increase. The Fund Raising Committee approved the allotment, with the trading window set to reopen on June 8, 2026. Key allottees include Nippon Life India Trustee Ltd and HDFC Trustee Company Limited.
Key Highlights
- ACME Solar raised ₹28,000 million through a Qualified Institutions Placement.
- 10,01,78,890 equity shares were allotted at ₹279.50 per share.
- The company's paid-up equity share capital has increased.
- Major institutional investors participated in the placement.
- The trading window will reopen on June 8, 2026.
Price Impact
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