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Acme invested Rs 1,725.09 crore in bank fixed deposits and subsidiaries
30-Jul-2026, 09:11
Acme has deployed a significant portion of the Rs 1,725.09 crore raised through a Qualified Institutional Placement, primarily placing Rs 1,725.09 crore in fixed deposits with YES Bank, AXIS Bank, IndusInd Bank, and CSB Bank. An additional Rs 660 crore has been invested in three wholly-owned subsidiaries: Acme Sigma Urja Pvt. Ltd., Acme Marigold Urja Pvt Ltd., and Acme Greentech Fourth Pvt Ltd. The report, which tracks the utilization of funds, notes that the planned completion dates for debt repayment and general corporate purposes are March 31, 2028, and implementation remains ongoing. The Monitoring Agency compiling the report emphasizes that it relied on information provided by Acme and third-party sources and does not assume legal liability or fiduciary duty, also disclosing potential commercial relationships with the company.
Acme has deployed a significant portion of the Rs 1,725.09 crore raised through a Qualified Institutional Placement, primarily placing Rs 1,725.09 crore in fixed deposits with YES Bank, AXIS Bank, IndusInd Bank, and CSB Bank. An additional Rs 660 crore has been invested in three wholly-owned subsidiaries: Acme Sigma Urja Pvt. Ltd., Acme Marigold Urja Pvt Ltd., and Acme Greentech Fourth Pvt Ltd. The report, which tracks the utilization of funds, notes that the planned completion dates for debt repayment and general corporate purposes are March 31, 2028, and implementation remains ongoing. The Monitoring Agency compiling the report emphasizes that it relied on information provided by Acme and third-party sources and does not assume legal liability or fiduciary duty, also disclosing potential commercial relationships with the company.