ACME Solar Holdings to Raise INR 3,000 Crore in Multiple Tranches
ACME Solar Holdings’ Board has approved raising up to INR 3,000 crore through securities issuance in multiple tranches, alongside the re-appointment of Shashi Shekhar as Vice-Chairman and Whole-Time Director for another year.
August 28, 2025. By Mrinmoy Dey
The Board has approved “raising of funds for an aggregate amount not exceeding INR 3,000 crore in one or more tranches, through issuance of equity shares or any other equity-linked instruments or securities, through permissible modes, including but not limited to, qualified institutional placement (QIP), further public offer (FPO), private placement and or combination thereof, as may be considered appropriate under applicable laws, subject to such regulatory / statutory approvals,” the company stated in a regulatory filing.
The Board also approved the re-appointment of Shashi Shekhar as Vice-Chairman and Whole-Time Director of the company, on the recommendation of the Nomination and Remuneration Committee of the company, for a period of one year from the completion of his present term i.e. with effect from April 09, 2026.
Both these proposals are also subject to the approval of the members of the company at the ensuing 10th Annual General Meeting (AGM), to be held on September 29, 2025.
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