Tata Communications Limited to acquire a 26% stake in Clean Max Yuhdul Private Limited, according to a regulatory filing submitted to stock exchanges on May 9, 2026.
The transaction was carried out through a share purchase agreement signed on May 8 with Clean Max Enviro Energy Solutions Limited and its wholly-owned subsidiary, Clean Max Yuhdul Private Limited.
Under the agreement, Tata Communications will acquire 2,600 equity shares in the special purpose vehicle (SPV). The shares represent a 26% holding in the entity.
The filing stated that the shares are being acquired at ₹10 each, taking the total consideration to ₹26,000. The payment will be made entirely in cash.
Tata Communications said the acquisition does not fall under related party transactions. The company also stated that its promoter group and associated entities do not hold any interest in the SPV.
No government or regulatory approvals are required for the transaction, according to the disclosure.
The SPV has been set up for power generation through renewable energy sources, including solar and wind projects.
Tata Communications said the investment is intended to support renewable energy consumption at its offices in Karnataka through captive power use arrangements.
The company added that the transaction forms part of its carbon neutrality and net-zero targets. It also noted that higher renewable energy usage could help improve power cost efficiency over time.
Clean Max Yuhdul Private Limited was incorporated on October 23, 2025, under the Companies Act, 2013.
The entity has not started operations yet and currently has no reportable financials, the filing said.
The disclosure was submitted to the National Stock Exchange of India and BSE Limited under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations.
As of May 11, 2026, 11:47 am, Tata Communications share price was trading at ₹1,576.20, down 1.01% from the previous closing price.
The transaction is indicative of continued corporate investments in captive renewable energy projects linked to operational electricity consumption and sustainability requirements.
Track the stock market in Hindi. Visit Angel One News for the latest market trends, insights, and share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 11, 2026, 12:40 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
