Clean Max Completes Strategic Transactions: Sells 26% Stakes in Two Subsidiaries and Acquires Shareholding in Clean Max Uno Private Limited
Clean Max Enviro Energy Solutions Limited announced significant updates regarding its subsidiaries, confirming the approval of sales for stakes in two wholly owned entities and detailing an acquisition of shares in a third subsidiary. The transactions involve key buyers and focus on managing the company's portfolio and enabling future growth initiatives.The board of Clean Max Enviro Energy Solutions Limited approved the sale of 26% equity stakes from its subsidiaries, alongside the acquisition of a stake in Clean Max Uno Private Limited.
Sale of Shares in Wholly Owned Subsidiaries
The Company is undertaking the sale of shares in two of its wholly owned subsidiaries: Clean Max Sau Private Limited and Clean Max Ni Private Limited. Both sales involve 26% of the total paid up share capital for 2,600 shares each.Fortis Hospotel Limited, a subsidiary of Fortis Healthcare Limited, is set to acquire the stake in Clean Max Sau Private Limited. The sale transaction is expected to be completed by August 31, 2026, and the consideration for this sale has been reported as INR 26,000.
Similarly, Sterling Biotech Limited will acquire a 26% shareholding in Clean Max Ni Private Limited. This transaction is scheduled for completion by September 30, 2026, with a reported consideration of INR 26,000.
The details regarding the sale of shares are provided below:
| Subsidiary | Buyer Entity | Stake Sold (Shares) | Percentage | Expected Completion Date | Consideration Received |
|---|---|---|---|---|---|
| Clean Max Sau Private Limited | Fortis Hospotel Limited | 2,600 | 26% | On or before August 31, 2026 | INR 26,000 |
| Clean Max Ni Private Limited | Sterling Biotech Limited | 2,600 | 26% | On or before September 30, 2026 | INR 26,000 |
Acquisition of Stake in Clean Max Uno Private Limited
In addition to the sales, Clean Max Enviro Energy Solutions Limited has approved the acquisition of shares in Clean Max Uno Private Limited. Alicon Castalloy Limited is set to transfer its entire shareholding of 17,357 equity shares in Clean Max Uno Private Limited. This transaction represents a 26% stake in the subsidiary.The acquisition process, which targets clean energy growth, has been scheduled for completion by August 31, 2026. The cost of this acquisition is INR 1,25,39,936.
Key details of the Clean Max Uno Private Limited acquisition are as follows:
| Detail | Information |
|---|---|
| Target Entity | Clean Max Uno Private Limited |
| Net Worth (FY '26) | INR 4,68,38,394.61 |
| Industry | Renewable energy generation |
| Shares Acquired | 17,357 shares (26%) |
| Price per Share | INR 722 |
| Total Acquisition Cost | INR 1,25,39,936 |
Following this acquisition, Clean Max Enviro Energy Solutions Limited will become the wholly owned subsidiary of Clean Max Uno Private Limited. The move is intended to facilitate growth and further development within the sector.
CLEANMAX Stock Price Movement
Today, Clean Max Enviro Energy Solutions Limited shares edged higher to close at ₹1456.9, following the stock's gain of 0.84%. The equity traded within a tight intraday band, finding support as low as ₹1390 and topping out at ₹1472 before settling at market close.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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