Intimation for sale of shares held by Clean Max Enviro Energy Solutions Limited in its wholly owned subsidiaries, Clean Max Solomon Private Limited and Clean Max Ilgohp Private Limited
CLEANMAX · price
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Clean Max Enviro Energy Solutions Limited has received board approval to sell its entire stake in two wholly owned subsidiaries. The company will sell 4,900 shares of Clean Max Solomon Private Limited to SAMHI Hotels Limited for INR 49,000, and 2,600 shares of Clean Max Ilgohp Private Limited to Nuvoco Vistas Corporation Limited for INR 26,000. Both subsidiaries were recently incorporated in 2025 and have not yet contributed any revenue or income to Clean Max. The transactions are expected to be completed by 30 June 2026 and are not classified as related party transactions.
The divestment involves recently formed subsidiaries with no operational history and minimal consideration, suggesting a minor corporate restructuring with negligible financial impact on Clean Max. Shareholders should not expect any significant stock price movement from this announcement.