Clean Max Enviro Energy Solutions Sells Stake in Subsidiary to TATA Communications
Clean Max Enviro Energy Solutions Limited approved the sale of its subsidiary, Clean Max Yuhdul Private Limited, to TATA Communications Limited. The Share Purchase Agreement is expected by June 30, 2026, with a consideration of ₹26,000. The subsidiary was incorporated in October 2025 and has no prior financial contribution.
The sale involves a newly incorporated subsidiary with no financial contribution to the parent company, and the transaction amount is nominal. Hence, the impact is considered low.
The transaction involves the sale of a newly incorporated subsidiary with no prior financial contribution. The consideration is nominal, and the buyer is an unrelated party. Therefore, the sentiment is neutral.
Clean Max Enviro Energy Solutions Limited has announced the approval by its Board of Directors on 4 May 2026 for the sale of shares in its wholly-owned subsidiary, Clean Max Yuhdul Private Limited, to TATA Communications Limited.
The subsidiary, Clean Max Yuhdul Private Limited, was incorporated on 23 October 2025 and has not yet contributed to the company's turnover, revenue, income, or net worth in the last financial year.
The Share Purchase Agreement is expected to be entered into on or before 30 June 2026, with the completion of the sale anticipated by the same date or a mutually agreed upon later date. The consideration received from this disposal is ₹26,000.
The buyer, TATA Communications Limited, is an unrelated entity and does not belong to the promoter/promoter group/group companies of Clean Max Enviro Energy Solutions Limited. The transaction does not fall within related party transactions and is not subject to a slump sale under the Scheme of Arrangement.
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Clean Max Enviro Energy Solutions Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Clean Max Enviro Energy Solutions Limited. Read the original for the full detail.