Intimation for sale of shares held by Clean Max Enviro Energy Solutions Limited in its wholly owned subsidiary, Clean Max Ahhope Private Limited to Hindustan Coca-Cola Beverages Private Limited
CLEANMAX · price
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Clean Max Enviro Energy Solutions Limited's Board has approved the sale of its 100% stake in Clean Max Ahhope Private Limited to Hindustan Coca-Cola Beverages Private Limited for INR 35,000. The transaction is expected to be completed via a Share Purchase Agreement on or before 15 May 2026. The subsidiary was incorporated in October 2025 and has not yet contributed any revenue, income, or net worth to the company. The buyer, Hindustan Coca-Cola, is not related to the promoter or promoter group, and the transaction is not classified as a related party transaction.
The sale has minimal financial impact as the subsidiary is newly incorporated with no revenue contribution. For shareholders, this represents a strategic restructuring as Clean Max divests a non-operational subsidiary to a large beverage conglomerate.