Tata Communications Limited has informed the Exchange about Signing of Share Purchase Agreement with Clean Max Enviro Energy Solutions Limited
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Tata Communications has entered into a Share Purchase Agreement to acquire a 26% stake (2,600 equity shares) in Clean Max Yuhdul Private Limited (SPV), a wholly-owned subsidiary of Clean Max Enviro Energy Solutions Limited. The total consideration is ₹26,000 (₹10 per share), payable in cash. The SPV was incorporated in October 2025 and has not yet commenced operations. The acquisition is aimed at supporting Tata Communications' sustainability goals, advancing its carbon neutrality and net-zero targets, and improving energy cost efficiency through increased renewable energy usage at its Karnataka offices. The transaction is not a related party transaction.
A small strategic investment (₹26,000) to advance Tata Communications' sustainability agenda by securing captive renewable energy capacity. The monetary value is negligible, but it signals the company's commitment to decarbonisation through a partnership with Clean Max, a known renewable energy player.