ACME Solar Incorporates Wholly Owned Subsidiary 'ACME Greentech Seventeen'
ACME Solar Holdings Limited has announced the incorporation of a wholly owned subsidiary named "ACME Greentech Seventeen Private Limited". This new entity will focus on the development, establishment,...
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Why is Acme Solar Holdings Limited in the news today?
Acme Solar Holdings Limited (ACMESOLAR) is in the news due to the incorporation of a subsidiary is a routine corporate action and does not inherently indicate positive or negative performance for the parent company.
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ACME Solar Incorporates Wholly Owned Subsidiary 'ACME Greentech Seventeen'
December 24, 2025, 11:17 AM
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ACME Solar Holdings Limited has announced the incorporation of a wholly owned subsidiary named "ACME Greentech Seventeen Private Limited". This new entity will focus on the development, establishment, and operation of power generation and renewable energy projects.
The incorporation took place on December 23, 2025. ACME Greentech Seventeen Private Limited is a subsidiary of ACME Solar Holdings Limited, with the latter subscribing 100% to the initial paid-up share capital in cash. The cost of subscription amounts to ₹1,00,000, representing 10,000 equity shares with a face value of ₹10 each.
This move aligns with ACME Solar's strategic objectives in the renewable energy sector, expanding its operational capabilities and presence in the industry.
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