In September, ACME Solar had first filed its DRHP with Sebi to raise Rs2,200 crore through the IPO. ACME Solar builds and maintains solar power projects, and generates revenue through the sale of electricity to central and state government entities and government-backed companies. “ACME Solar is looking to re-file its DRHP. In September, ACME Solar had first filed its DRHP with Sebi to raise Rs2,200 crore through the IPO. Promoted by Manoj Upadhyay, ACME Solar was established in 2015, in order to consolidate ACME Group’s solar power business and to capitalize on the opportunities in the Indian solar power industry.

Source: Mint April 08, 2018 17:37 UTC