ACME Solar completes ₹2,800 crore QIP in renewable energy play

M&A / JV June 2026· ₹2,800 cr · Completed· ◔ Reported

ACME Solar Holdings is one of India's largest renewable energy independent power producers, operating a portfolio spanning solar, wind, battery energy storage systems, hybrid and firm dispatchable renewable energy projects. The QIP brought in capital from qualified institutional investors. Placement agents ICICI Securities and IIFL Capital Services were supported by Cyril Amarchand Mangaldas (on regulatory/disclosure mechanics) and Hogan Lovells (international/cross-border coordination). The issuer's counsel, Shardul Amarchand Mangaldas, led on corporate governance and QIP conditions.

Why it mattersQIP pricing mechanics and investor base for renewable energy infrastructure-note the dual placement agent structure (ICICI Securities / IIFL Capital) and international counsel (Hogan Lovells) for regulatory coordination across India and cross-border capital flows in the ESG asset class.
CounselShardul Amarchand Mangaldas & Co, Cyril Amarchand Mangaldas, Hogan Lovells
SectorEnergy & Renewables
Value₹2,800 cr
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