ICICI Prudential Mutual Fund acquired 11,283,961 shares, representing a 1.60% stake, in Acme Solar Holdings. This new position is part of a Qualified Institutional Placement (QIP) by Acme Solar Holdings to raise ₹2,800 crore.
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.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.
