HDFC Mutual Fund initiated a new position in Acme Solar Holdings, acquiring 2,41,79,728 shares, representing a 3.42% stake. This new entry occurred during a period when Acme Solar Holdings raised ₹2,800 crore via a Qualified Institutions Placement (QIP), in which HDFC Mutual Fund was an allottee.
A renewable energy developer in India operating a diversified portfolio of solar, wind, hybrid, and firm dispatchable renewable energy projects. Incorporated in 2015, the company specializes in developing and managing clean energy assets across multiple technologies. ACME Solar Holdings focuses on delivering reliable renewable power solutions to support India's energy transition and meet growing electricity demand from industrial and utility-scale customers.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
