StockWatch
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Power Generation
Sale30 Oct 2026, 08:00 pm

Clean Max Enviro Sells 26% Stake in Clean Max Alps for ₹26,000

AI Summary

Clean Max Enviro Energy Solutions Limited has approved the sale of 2,600 shares, representing 26% of the total paid-up share capital of its subsidiary, Clean Max Alps Private Limited, to Bayer Vapi Private Limited. The transaction, valued at ₹26,000, is expected to be completed by December 31, 2026. Clean Max Alps Private Limited was incorporated on December 18, 2024, and has not yet contributed to the company's turnover or net worth. The buyer, Bayer Vapi Private Limited, is not part of the promoter or group companies, and the transaction is not considered a related party transaction.

Key Highlights

  • Sale of 26% stake in Clean Max Alps Private Limited approved.
  • Transaction value set at ₹26,000 for 2,600 shares.
  • Sale to Bayer Vapi Private Limited, an unrelated entity.
  • Completion expected by December 31, 2026.
  • Subsidiary has no prior financial contribution.