Apple India Acquires Stake in Clean Max Taurus Private Limited; Subsidiary Status Changes
Clean Max Enviro Energy Solutions Limited reported a significant change in its corporate structure after Apple India Private Limited completed the acquisition of equity shares in Clean Max Taurus Private Limited. The transaction, which occurred on 14 May 2026, resulted in Clean Max Taurus Private Limited ceasing to be a wholly owned subsidiary of the company.The acquisition was conducted on a private placement basis.
Clean Max Enviro Energy Solutions Limited, which was formerly known as Clean Max Enviro Energy Solutions Private Limited, reported the transfer of ownership stakes involving its subsidiary.
The details of the key transaction are as follows:
| Entity Acquiring Shares | Target Subsidiary | Date of Acquisition | Nature of Deal |
|---|---|---|---|
| Apple India Private Limited | Clean Max Taurus Private Limited | 14 May 2026 | Private Placement |
Following the completion of the private placement acquisition by Apple India Private Limited, Clean Max Taurus Private Limited no longer maintains the status of a wholly owned subsidiary of Clean Max Enviro Energy Solutions Limited.
CLEANMAX Stock Price Movement
On Thursday, Clean Max Enviro Energy Solutions Limited shares rallied, gaining 3.29% to close at ₹1364.8. The stock experienced heavy trading on 335,528 shares, successfully hitting its 52-week high of ₹1398.6 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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