Tata Communications Limited has entered into a Share Purchase Agreement with Clean Max Enviro Energy Solutions Limited and its wholly-owned subsidiary Clean Max Yuhdul Private Limited to acquire a 26% equity stake in the special purpose vehicle (SPV), reinforcing its commitment to renewable energy adoption and long-term sustainability objectives.
The agreement, executed on May 8, 2026, involves the acquisition of 2,600 equity shares of Clean Max Yuhdul Private Limited for a total cash consideration of ₹26,000, at ₹10 per share. Following the transaction, Tata Communications will hold a 26% stake in the SPV.
According to the company’s regulatory filing submitted to the stock exchanges, the investment is aimed at supporting Tata Communications’ carbon neutrality and net-zero ambitions while improving energy cost efficiency through increased use of renewable energy. The company stated that the transaction will strengthen its renewable energy footprint for captive power consumption at its offices in Karnataka.
Clean Max Yuhdul Private Limited was incorporated on October 23, 2025, under the Companies Act, 2013, and operates in the renewable power generation segment, focusing on solar and wind energy sources. The SPV has not yet commenced operations and currently has no reportable financials.
Tata Communications clarified that the transaction does not fall under related party transactions, and no governmental or regulatory approvals are required for the acquisition.
