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The Economic Times
The Economic Times
Business
Kumar Gaurav

CleanMax Enviro block deal: Augment India Holdings likely to divest 85 lakh shares worth Rs 1,063 crore

CleanMax India Clean Max Enviro Energy Solutions Macquarie JM Financial Kumar Gaurav SEBI

Augment India Holdings LLC is likely to divest 85 lakh shares, representing a 7.25% stake in Clean Max Enviro Energy Solutions, through a block deal, according to reports.

The offer size is pegged at Rs 1,062.8 crore, while the floor price has been set at Rs 1,250 per share, the reports said. The offer may come at a discount of up to 10% to the current market price (CMP).

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