
Clean Max Enviro Sells 26% in Subsidiaries, Buys Stake in Clean Max Uno
Clean Max Enviro Energy Solutions Limited announced a strategic move involving its subsidiaries. The company's Board of Directors approved the sale of 26% of its share capital in Clean Max Sau Private Limited to Fortis Hospotel Limited and 26% in Clean Max Ni Private Limited to Sterling Biotech Limited. Concurrently, Clean Max Enviro will acquire 26% of Clean Max Uno Private Limited from Alicon Castalloy Limited for INR 722 per equity share. The transactions are expected to be completed by August and September 2026, respectively. The newly incorporated subsidiaries, Clean Max Sau and Clean Max Ni, have not yet contributed to the company's turnover or net worth. The details of these transactions are provided in the annexures to the filing.
Key Highlights
- Clean Max Enviro divests 26% stake in two wholly-owned subsidiaries.
- Acquires 26% stake in Clean Max Uno Private Limited.
- Transactions involve Fortis Hospotel and Sterling Biotech as buyers.
- Acquisition price for Clean Max Uno is INR 722 per share.
- New subsidiaries have no prior financial contribution.
Price Impact
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