ACME Solar Holdings Ltd to enter into acquisition of AK Renewable Infra Pvt Ltd

The Operational Committee of the Board of Directors of ACME Solar Holdings Limited ("the Company") at its meeting held today, i.e., September 05, 2025, has considered and approved the Company to enter into a share purchase agreement for the acquisition of 100% equity shares of AK Renewable Infra Private Limited ("Target Company") for an Enterprise Value of INR 79.25 Crores subject to closing conditions and adjustments as per the SPA.

The Target Company was incorporated on April 14, 2021 and is in the business of development of renewable energy park in India. The Target Company has secured all development rights including land, connectivity & associated approvals for 300 MW capacity in Rajasthan which would enhance the Company's project pipeline and also accelerate project execution and commissioning, thus expediting revenue & profitability.

Pursuant to the above, today, i.e., September 05, 2025, the Company has a executed a share purchase agreement with the Target Company and its existing shareholders ("SPA").

Post completion of the abovementioned acquisition, the Target Company will become a wholly owned subsidiary of the Company.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 296.45 as compared to the previous close of Rs. 294.70. The total number of shares traded during the day was 111322 in over 2264 trades.

The stock hit an intraday high of Rs. 300.00 and intraday low of 292.00. The net turnover during the day was Rs. 32903908.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 Acquisition AKRenewableInfra