[Solar: ACME Solar completes INR 21.47bn refinancing]

Published: Aug 18, 2026 11:08

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ACME Solar Holdings has completed INR 21.47 billion in refinancing to redeem non-convertible debentures issued by 12 operational solar project SPVs with a combined capacity of 450MW. The refinancing also enabled the company to fully redeem its underlying offshore dollar bonds. ACME secured long-term refinancing from the National Bank for Financing Infrastructure and Development, which is expected to reduce borrowing costs across the SPVs by about 150 basis points. The transaction brings ACME Solar’s total financing raised in the current fiscal year to INR 81.98 billion.

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