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Deal● Neutral for Nuvoco Vistas
Nuvoco Vistas To Acquire 26% Stake In CleanMax SPV For 46.4 MW Rajasthan Renewable Project
The brief
- Nuvoco will acquire a 26% stake in Clean Max Ilgohp for a 46.4 MW hybrid project
- The Rajasthan project comprises 20 MW of wind and 26.4 MW of solar capacity
- Nuvoco’s renewable-power investment may interest cement investors tracking energy costs and decarbonisation
- Augment Infrastructure sells 7.25% stake in Clean Max for ₹1,096 crore
- CleanMax raises ₹2,500 crore via Green Bonds
- Clean Max shares change hands in ₹1,199 crore block deal; company raises ₹2,500 crore via green debt
- Augment India may sell 85 lakh Clean Max Enviro shares for ₹1,063 crore