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Brookfield expands green footprint, buys 51% stake in CleanMax Enviro – EQ Mag
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Brookfield expands green footprint, buys 51% stake in CleanMax Enviro – EQ Mag

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Canadian investment firm Brookfield has picked up a 51% stake in CleanMax Enviro (CleanMax Solar), which supplies renewable energy to commercial and industrial establishments, said two sources aware of the development. The equity value of the company is between ₹3,500 crore and ₹4,000 crore, they added.

The investment will largely be a secondary sale of shares by existing shareholders with a small tranche of primary infusion into the company.

Source: PTI

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Anand Gupta Editor - EQ Int'l Media Network
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