ACME Solar Holdings Limited has officially announced the termination of its planned acquisition of AK Renewable Infra Private Limited. The deal, originally disclosed on September 5, 2025, will no longer proceed following a mutual agreement between both parties.
Details of Termination
The Share Purchase Agreement (SPA) signed on September 5, 2025, between ACME Solar Holdings, AK Renewable Infra, and the existing shareholders of the target company has been formally terminated, effective September 13, 2025.
ACME Solar confirmed that the decision followed discussions with all stakeholders and was executed in accordance with the mutually agreed provisions of the SPA. While no specific reasons were provided for calling off the acquisition, the company emphasized that the termination was conducted on amicable terms.
Strategic Implications
With the deal now off, ACME Solar Holdings will continue to focus on its existing operations and expansion plans independently. The company remains committed to pursuing its growth strategy in the renewable energy sector without the integration of AK Renewable Infra.
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