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

Augment India Holdings may sell 85 lakh Clean Max Enviro Energy Solutions shares, representing a 7.25% stake, through a Rs 1,062.8 crore block deal. The reported floor price of Rs 1,250 implies a potential discount to market price.

Augment India Holdings LLC may sell 85 lakh shares, or a 7.25% stake, in Clean Max Enviro Energy Solutions as part of a block deal. The offer is valued at Rs 1,062.8 crore and could be at a discount of up to 10% from the current market price. As of June 30, 2026, Augment India Holdings LLC owned 1,11,40,172 shares, representing a 9.50% stake in the company.

Clean Max Enviro Energy Solutions' shares closed at Rs 1,392.55 on September 25, up 0.54% from the previous close. The stock ranged between Rs 1,385 and Rs 1,475 during the session, with a market capitalization of Rs 16,369.34 crore on the BSE. Macquarie initiated coverage on Clean Max Enviro Energy Solutions on September 23, rating the stock as Outperform with a target price of Rs 1,700.

Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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