Acme Solar Holdings Limited
Nippon India Mutual Fund increased its stake in Acme Solar Holdings from 1.92% to 4.58%, purchasing 20,763,510 additional shares. The fund's holding is now worth ₹1,248.6 crore based on the share price of ₹385.25. Nippon India Mutual Fund was among the investors who participated in Acme Solar Holdings' Qualified Institutional Placement (QIP), which raised ₹2,800 crore at ₹279.50 per share.
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 fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.