Indian renewable energy firm ACME Solar files IPO to raise up to ₹3,000 crore ($360 million) for debt repayment and expansion.

Indian renewable energy firm ACME Solar Holdings has filed for an initial public offering (IPO) to raise up to ₹3,000 crore ($360 million). The IPO will consist of fresh shares worth up to ₹2,000 crore and an offer for sale (OFS) of up to ₹1,000 crore by ACME Cleantech Solutions. The company aims to utilize the proceeds for debt repayment and general corporate purposes, with a goal to expand its presence in the renewable energy sector.

July 03, 2024
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