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ACME Solar to Raise $337 Million Through IPO

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As expected, ACME Solar Holdings has filed a draft red herring prospectus with Securities and Exchange Board of India (SEBI) for a ₹22,000 million (~$336.86 million) IPO at a face value of ₹10 (~$0.15) per share. ICICI Securities, Citigroup Global Markets India, Deutsche Equities India and Link Intime India Private Limited will be managing ACME’s IPO.

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