Tata Communications to Acquire 26% Stake in Clean Max Yuhdul for Renewable Energy Goals
Tata Communications Limited has entered into a Share Purchase Agreement (SPA) aimed at bolstering its commitment to sustainability and energy efficiency through an acquisition in the renewable power sector.The company entered into the Share Purchase Agreement on May 8, 2026, with Clean Max Enviro Energy Solutions Limited and its wholly-owned subsidiary, Clean Max Yuhdul Private Limited ('SPV'). Through this transaction, Tata Communications plans to acquire 2,600 equity shares, securing a 26% stake in the SPV.
The acquisition is intended to advance the company's long-term goals of achieving carbon neutrality and net-zero targets. Furthermore, the transaction aims to improve energy cost efficiency by enhancing the company's renewable energy footprint at its offices in Karnataka through captive power consumption.
Clean Max Yuhdul Private Limited is involved in the business of power generation through non-conventional sources, such as solar and wind energy. The SPV was incorporated under the Companies Act, 2013, on October 23, 2025, though it has not commenced operations as of the report date.
The total purchase consideration for the shares is ₹26,000/-, equating to a cost of ₹10/- per share. The transaction involves only cash consideration.
Key details of the share purchase transaction are summarized below:
| Detail | Description |
|---|---|
| Target Entity | Clean Max Yuhdul Private Limited ('SPV') |
| Shares Acquired | 2,600 equity shares |
| Stake Acquired | 26% |
| Industry | Power generation through non-conventional - solar/wind energy sources |
| Total Consideration | ₹26,000/- |
| Consideration Type | Cash only |
| Agreement Date | May 8, 2026 |
TATACOMM Stock Price Movement
Tata Communications Limited shares on Friday slipped by 0.68% to settle at ₹1592.30. The stock traded on a volume of 369,396 shares, finding its day's range between ₹1575.10 and ₹1609.40.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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