Acme Solar to acquire 300 MW renewable energy developer for INR 79.25 crore

Acquisition announcedStrategic Transactions View source PDF Explain this filing

ACMESOLAR · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹295.60

prior close

₹302.10

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%+1.8% vs market

Power Generation peers, median of 26sector+0.4%+1.6% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Smallcap 250 and 1.6 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+2.0+0.2+1.8+0.4+1.6

Next day

+1.5+0.4+1.1-0.0+1.6

+2.3+1.1+1.2+1.3+1.0

+6.2+1.1+5.1+1.2+5.0

+7.9+1.4+6.4+0.7+7.2

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+3.8+3.4+0.5+2.1+1.7

15d

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-13.0+0.7-13.7-3.0-10.0

-28.9-4.6-24.3-13.4-15.5

UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Acme Solar Holdings will acquire 100% of AK Renewable Infra for an enterprise value of INR 79.25 crore in cash, subject to closing conditions and adjustments. The target develops renewable energy parks and has secured land, connectivity and approvals for a 300 MW site in Rajasthan. It reported nil turnover in FY23, FY24 and FY25. On completion, it will become a wholly owned subsidiary.

Likely market impact

Adds a 300 MW project pipeline and may accelerate future revenue, but the target has no revenue and the deal remains subject to closing conditions.