Acme Solar Holdings Limited
SBI Mutual Fund entered Acme Solar Holdings with 1,85,92,774 shares, a 2.63% stake worth ₹716.29 Cr at ₹385.25 apiece. This new position was part of Acme Solar's ₹2,800 crore Qualified Institutional Placement (QIP).
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 largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.