Clean Max Enviro jumps on likely ₹1,063 crore block deal
In short
Clean Max Enviro Energy Solutions shares moved sharply on reports of a block deal. Mint said the stock opened at ₹1,301, down 6.6% from the previous close of ₹1,392.55, and later hit an intraday high of ₹1,458.10.
The reported deal was for 7.25%, or 85 lakh shares, worth ₹1,062.8 crore. It is still not clear who bought the shares or whether the sale was completed.
What the reporting says
Clean Max Enviro Energy Solutions shares swung sharply after reports of a likely ₹1,062.8 crore block deal to sell 7.25% of the company, or 85 lakh shares. Mint said the stock opened at ₹1,301, down 6.6% from the previous close of ₹1,392.55, then recovered to an intraday high of ₹1,458.10. The buyer, final pricing, and whether the deal completed were not stated in the available reporting.
Why it matters
Clean Max Enviro Energy Solutions was volatile after reports that Augment India Holdings LLC may sell a 7.25% stake in a ₹1,062.8 crore block deal, equal to 85 lakh shares. The price reaction may matter to existing shareholders and traders, especially after recent broker coverage cited renewable energy demand. The supplied reporting does not confirm execution details or the final participants in the deal.