Clean Max Enviro Sells 49% Stake in Subsidiary Clean Max Dynamis
Clean Max Enviro Energy Solutions Limited announced that its Board of Directors has approved the sale of 49% of its stake in its wholly-owned subsidiary, Clean Max Dynamis Private Limited, to Sunvik Steels Private Limited. The transaction involves the sale of 4,900 shares for a consideration of INR 49,000. The Share Purchase Agreement is expected to be executed on or before December 31, 2026, with the completion of the sale anticipated by the same date. Clean Max Dynamis Private Limited was incorporated on July 28, 2026, and has not yet contributed to the company's turnover or net worth. The buyer, Sunvik Steels Private Limited, does not belong to the promoter or group companies, and the transaction is not considered a related party transaction.
Key Highlights
- Clean Max Enviro to sell 49% stake in subsidiary Clean Max Dynamis.
- Sale consideration is INR 49,000 for 4,900 shares.
- Transaction to be completed by December 31, 2026.
- Buyer is Sunvik Steels Private Limited, an unrelated entity.
- Subsidiary was recently incorporated and has no prior financial contribution.
Price Impact
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