Company's Board approved selling 26% stake in Clean Max Muoi Private Limited for INR 26,000 and 49% in Clean Max Chin Private Limited for INR 49,000. These subsidiaries were recently incorporated and had no prior financial contribution.
Clean Max Enviro Energy Solutions has secured in-principle approval for modifications to its INR 400 crore non-convertible debentures. This impacts the terms and conditions of the debenture trust deed.
The company is selling 26% stakes in subsidiaries Clean Max Sau and Clean Max Ni for INR 26,000 each. It's also acquiring 26% in Clean Max Uno for INR 1.25 crore, making it a wholly-owned subsidiary.
Company is divesting 26% in Clean Max Ichi, 26% in Clean Max Dool, and 49% in Clean Max San. The sales consideration for these stakes are INR 26,000, INR 26,000, and INR 49,000 respectively.
Apple India acquired equity shares in Clean Max Taurus Private Limited via private placement, ceasing its status as a wholly-owned subsidiary.
