Announced Mon, 31 Aug, 2026 · 23:21 IST
Welspun Living cancels 26% Clean Max Dhyuthi stake acquisition
WELSPUNLIV · price
▲ 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
+2.4%1-day move
₹195.10
prior close
₹196.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+2.1+2.0+1.4+2.4+3.1+7.4+9.2+7.0+7.9+14.8+22.5——
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AI summary
Welspun Living had approved buying a 26% equity stake (48,599 shares) in Clean Max Dhyuthi Private Limited from promoter group firm Welspun Corp for Rs. 760 lakhs on May 15, 2026. CleanMax is into solar and renewable power generation under a captive model. Both parties have now mutually agreed not to proceed due to current power demand, supply and availability conditions at the relevant location. The transaction stands cancelled.
Likely market impact
Deal cancellation removes a small related-party renewable energy investment. Limited financial impact since value was only Rs. 760 lakhs.