Clean Max Enviro Energy Solutions to Sell Subsidiary Shares to TATA Communications
Clean Max Enviro Energy Solutions Limited has announced the board-approved sale of shares in its wholly owned subsidiary, Clean Max Yuhdul Private Limited. The transaction involves selling 2,600 shares to TATA Communications Limited.The company's Board of Directors approved the sale of the subsidiary's shares on May 4, 2026. The buyer for the shares is TATA Communications Limited.
Transaction Details
The sale is scheduled to proceed with TATA Communications Limited, which is confirmed not to belong to the promoter or promoter group of Clean Max Enviro Energy Solutions Limited.Key financial and procedural details of the planned divestment include:
| Particulars | Details |
|---|---|
| Shares Sold | 2,600 shares |
| Buyer | TATA Communications Limited |
| Consideration Received | INR 26,000 |
| SPA Agreement Date | On or before June 30, 2026 |
| Expected Completion Date | On or before June 30, 2026, or mutually agreed date |
Subsidiary Overview
Clean Max Yuhdul Private Limited, the subsidiary involved in the transaction, was incorporated on October 23, 2025. The company noted that Clean Max Yuhdul Private Limited has not contributed to turnover, revenue, income, or net worth during the last financial year.The transaction has been classified as not being a related party transaction, and it is not outside the Scheme of Arrangement.
CLEANMAX Stock Price Movement
As of 9:43 AM, Clean Max Enviro Energy Solutions Limited's shares are shedding 0.48% in live trading, currently resting at ₹1150.7. The stock is seeing moderate activity, with the equity trading across a total volume of 16,056 shares.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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