2 days ago
Clean Max Enviro Shares Swing on Likely ₹1,063-Crore Block Deal
Clean Max Enviro shares moved sharply on Monday.
The shares first fell after the market opened.
They then recovered and moved above the previous closing price.
The company was expected to see a large block sale of shares.
About 85 lakh shares were involved.
Augment India was reportedly the seller.
The proposed price was ₹1,250 per share, below the earlier market price.
Investors reacted to the possible sale, causing the stock to be volatile.
Clean Max Enviro Energy Solutions opened at ₹1,301 on Monday, 28 September, down 6.6% from its previous close of ₹1,392.55.
The stock later rose 4.7% to an intraday high of ₹1,458.10 before trading 1.76% higher at ₹1,417.10 around 9:30 AM.
A likely block deal involved the sale of about 85.02 lakh Clean Max Enviro shares for approximately ₹1,062.8 crore.
Augment India, which held a 9.5% stake as of June 2026, was reportedly selling a 7.25% stake in the company.
The reported offer price was ₹1,250 per share, representing a 10.2% discount to the previous BSE close.
- Who
- Augment India was reportedly selling shares of Clean Max Enviro Energy Solutions.
- What
- A likely block deal involved approximately 85.02 lakh shares valued at about ₹1,062.8 crore.
- Where
- On the BSE.
- When
- Monday, 28 September; the stock was reported around 9:30 AM.
- Why
- Augment India was reportedly selling a 7.25% stake at a discounted offer price.
Key facts
- Company
- Clean Max Enviro Energy Solutions
- Likely deal value
- ₹1,062.8 crore
- Shares involved
- Approximately 85.02 lakh
- Reported seller
- Augment India
- Stake reportedly sold
- 7.25%
- Offer price
- ₹1,250 per share
- Previous BSE close
- ₹1,392.55
Sources
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