Announced Fri, 24 Jul · 20:36 IST
Acquires 26% in Clean Max Uno, sells two new subsidiaries
CLEANMAX · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1450.00
prior close
₹1447.10
base price
After-mkt
timing
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-0.8-0.6-0.9-0.2——————————
Up moveDown movePending
AI summary
Clean Max Enviro will acquire 17,357 shares (26%) in Clean Max Uno from Alicon Castalloy at Rs 722 per share, totaling about Rs 1.25 crore. After this, Clean Max Uno becomes wholly owned subsidiary. Separately, the company is selling 26% stakes in two new subsidiaries - Clean Max Sau (to Fortis Hospotel) and Clean Max Ni (to Sterling Biotech) at Rs 26,000 each. Both have no revenue yet. Deals to close by 31 Aug 2026.
Likely market impact
Minor portfolio restructuring; financial impact is negligible due to small deal sizes and no existing revenue from these entities.