31-Aug-2026 23:23:35
WELSPUNLIVAcquisition and merger
WELAN: ACQUISITION OF 26% EQUITY STAKE IN CLEAN MAX DHYUTHI PRIVATE LIMITED STANDS CANCELLED
• Welspun Living Limited (WLL) and Welspun Corp Limited (WCL) have mutually agreed not to proceed with the proposed acquisition of 26% equity stake in Clean Max Dhyuthi Private Limited. • The acquisition was for 48,599 equity shares of Rs. 10/- each, representing 26% of CleanMax's paid-up equity share capital, for Rs. 760 lakhs. • The transaction was initially proposed to be completed by August 31, 2026. • CleanMax is engaged in solar and renewable energy generation and supply. Impact: Neutral (Cancellation of a proposed acquisition)
Welspun Living Limited
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