ACME Solar Holdings Files for ₹30 Billion IPO

• ACME Solar Holdings Limited aims to raise ₹30 billion through an IPO to repay borrowings and for general corporate purposes.
• The IPO comprises a fresh issue of ₹20 billion and an offer for sale by ACME Cleantech Solutions Private Limited of ₹10 billion.
• Proceeds from the fresh issuance will be used for debt repayment and corporate needs.
• ACME Solar, one of India’s largest renewable energy IPPs, manages a diverse portfolio including solar, wind, hybrid, and FDRE projects.

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