Tata Communications has entered into a Share Purchase Agreement with Clean Max Enviro Energy Solutions Limited and its wholly-owned subsidiary Clean Max Yuhdul Private Limited. The agreement, signed on 8 May 2026, involves the acquisition of 2,600 equity shares, representing a 26% stake in the subsidiary, for a total consideration of ₹26,000.
Clean Max Yuhdul Private Limited, incorporated on 23 October 2025 under the Companies Act, 2013, is focused on power generation through non-conventional energy sources such as solar and wind. The entity has not yet commenced operations.
The acquisition aligns with Tata Communications‘ sustainability goals, aiming to advance its long-term carbon neutrality and net-zero targets. By increasing the use of renewable energy, the company seeks to improve energy cost efficiency and enhance its renewable energy footprint, particularly at its offices in Karnataka through captive power consumption.
The transaction does not qualify as a related party transaction, and no governmental or regulatory approvals are required for the acquisition. The purchase consideration is entirely in cash, with each share priced at ₹10.
Clean Max Yuhdul, despite its recent incorporation, has not reported any financials as it has yet to start operations. The acquisition is part of Tata Communications’ strategic initiatives to bolster its renewable energy capabilities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).