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Deal● Neutral for Clean Max Enviro Energy Solutions
Augment Infrastructure sells 7.25% stake in Clean Max for ₹1,096 crore
The brief
- HSBC Mutual Fund, ICICI Prudential Life and Goldman Sachs bought a combined 2.24% of Clean Max
- Belgrave Investment Fund sold a 4.67% stake in Electrosteel Castings
- Clean Max’s stake sale spotlights renewable-energy investment; listed Inox Green operates in the adjacent sector
- Stock Alert: ESDS Software, Waaree Energies, Sterlite Tech, Inox Green Energy Services
- Stocks to Watch for September 25: PB Fintech, Inox Green Energy, Dr Lal Path, JSW Cement and more
- Inox Green and Wheels India QIPs draw investor attention
Augment India's CleanMax stake sale
Augment India proposed selling 85 lakh CleanMax Enviro shares, a 7.25% stake, at ₹1,250 each. It later sold the stake for ₹1,096 crore; CleanMax also raised ₹2,500 crore through green bonds for renewable energy projects.
Monday, 28 September
- Augment Infrastructure sells 7.25% stake in Clean Max for ₹1,096 crore