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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, a leading rooftop solar company in India along with an investment of primary capital in the company to fund its growth pipeline.