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Augment Infra to acquire a majority stake in CleanMax

  • Date : 12/08/2021
  • Source : The Hindu Business Line

US investment firm Augment Infrastructure will acquire a majority stake in CleanMax Enviro Energy Solutions Pvt. Ltd. for ₹1,650 crores. This would involve a purchase of the stake held by Yellow Bell Investment Ltd (an affiliate of Warburg Pincus, and International Finance Corporation (IFC) in CleanMax along with an investment of primary capital in the company to fund its growth pipeline.