Acme Solar Holdings Announces Qualified Placement of Equity Shares
Acme Solar Holdings Limited confirmed the approval for the placement of equity shares to qualified institutions. The fund raising initiative, aimed at raising capital, was approved following a meeting of the Company’s Fund Raising Committee held on June 01, 2026.The decision was made subsequent to approvals accorded by the Board of Directors at their meeting on August 27, 2025, and through a special resolution passed by the members on September 29, 2025.
The Fund Raising Committee approved the key aspects of the capital raise, including the opening of the Issue on June 01, 2026, and the adoption of the preliminary placement document and application form for the purpose.
Placement Details and Pricing
During the meeting, the Fund Raising Committee fixed the Relevant Date for the Issue as June 01, 2026. Based on the stipulated pricing formula, the floor price for the equity shares was determined to be ₹ 294.13 per Equity Share. The shares being offered are of a face value of ₹ 2 each.The Company also noted that, based on the special resolution passed by shareholders, it may offer a discount of not more than 5% on the calculated floor price for the placement.
The company confirmed that the preliminary placement document, dated June 01, 2026, details the specifics of this fund raising activity.
ACMESOLAR Stock Price Movement
Acme Solar Holdings Limited shares today slipped by 0.89% to settle at ₹307.2. The equity saw robust trading activity of 5.14 million shares, having previously hit its 52-week high mark at ₹324.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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