Announced Thu, 7 May · 01:18 IST

Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time

Listed Co AcquisitionMarquee Jv AnnouncedStrategic Transactions View source PDF

CLEANMAX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹1180.30
prior close
₹1200.00
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AI summary

Clean Max Enviro Energy Solutions has amended and restated its December 2025 Investment Agreement with Apple India and subsidiary Clean Max Taurus. The key change is the sequencing of investments: Clean Max will now invest first into Taurus, followed by Taurus using those funds to acquire three subsidiaries (Clean Max Ganga, Clean Max Kruger, and Clean Max Sapphire) from Clean Max, and then Apple India completing its investment. Post-transaction, Clean Max will hold approximately 51% and Apple India approximately 49% of Taurus. The Company will receive approximately INR 148.51 crore total consideration for selling its stakes in the three SPVs to Taurus. All transactions are related party transactions conducted at arm's length with no impact on management or control of the listed entity.

Likely market impact

This announcement signals a strategic restructuring where Apple India becomes a 49% co-investor in Taurus while Clean Max reorganizes its subsidiary structure. The deal brings in a marquee investor (Apple) and provides cash proceeds of around INR 148.5 crore to Clean Max while maintaining indirect control over the sold subsidiaries.