CLEANMAXClean Max Enviro Energy Solutions Limited
Clean Max subsidiaries sign agreement to buy 100% of Thailand’s Massmunch Company
- Mergers & acquisitions
- Renewable Energy
Clean Max Enviro Energy Solutions Limited has told the exchanges on 9 Oct 2026 that two of its step-down subsidiaries, Cleanmax Energy (Thailand) Company Limited and Cleanmax IHQ (Thailand) Company Limited, signed a Share Purchase Agreement on 9 Oct 2026 with Massmunch Company Limited and its promoters. Both are wholly owned by Cleanmax Solar MENA FZCO of Dubai, which is a wholly owned subsidiary of the company.
They will acquire 100% of Massmunch’s share capital, holding 99.99% and 0.01% respectively, so Massmunch will become a step-down wholly owned subsidiary. The details required by the SEBI master circular were filed as an annexure.
Inference
The acquisition is made through the company’s Thai subsidiaries, which gives the group an additional entity in Thailand. The part of the filing reviewed here does not give the price, so the size of the deal is not stated.
Reference: Original filing (PDF)
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