Intimation for sale of 2,600 shares held by Clean Max Enviro Energy Solutions Limited in its wholly owned subsidiary, Clean Max Yuhdul Private Limited to TATA Communications Limited
CLEANMAX · price
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Clean Max Enviro Energy Solutions Limited has approved the sale of its entire stake in wholly owned subsidiary Clean Max Yuhdul Private Limited to TATA Communications Limited. The transaction involves 2,600 shares at a consideration of INR 26,000. The subsidiary was incorporated in October 2025 and has not yet contributed any revenue or income, indicating it is a newly formed entity with no operational history. The Share Purchase Agreement will be executed by 30 June 2026, with completion expected the same month. TATA Communications does not belong to the promoter group, and the transaction is not classified as a related party deal.
The transaction is immaterial given the small consideration amount and the subsidiary's lack of revenue contribution. It represents a minor portfolio adjustment with negligible impact on Clean Max's financials or shareholder value.