Acme Solar Holdings Limited
Kotak Mutual Fund acquired a new position of 8,144,849 shares, or a 1.15% stake, in Acme Solar Holdings. This occurred as part of Acme Solar's ₹2,800 crore Qualified Institutional Placement (QIP) where shares were allotted at ₹279.50 apiece.
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.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.