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CleanMax readies IPO; confidential filing soon

Mint New Delhi

|

August 01, 2025

The company, 48% owned by Brookfield, may file draft papers by Aug-end

- Sneha Shah & Dipali Banka

Mumbai-headquartered CleanMax Enviro Energy Solutions Pvt. Ltd, a renewable energy company, is looking at taking the confidential filing route for its ₹4,000-5,000 crore initial public offering (IPO), three people with knowledge of the development said on condition of anonymity.

The company, which is 48% owned by Canadian private equity investor Brookfield, is likely to file its draft papers with market regulator Securities and Exchange Board of India (Sebi) by the end of August, these people said, adding that the idea is to capitalize on growing investor interest in the renewable energy segment in the country.

Mint New Delhi からのその他のストーリー

Mint New Delhi

A plan to hunt down digital arrest crooks takes shape

To crack down on surging online financial frauds such as 'digital arrests', a parliamentary panel has recommended that banks use government-issued IDs to trace, freeze and blacklist mule accounts siphoning crores of rupees. Experts call it a crucial first step, but banks warn implementation will be difficult.

time to read

3 mins

September 26, 2025

Mint New Delhi

Why this is the toughest test yet for Indian shrimp

As if the 50% tariff imposed by the US was not debilitating enough, Indian shrimp exporters are staring at an additional anti-dumping duty of as much as 40%. How will this impact exporters and the 16 million people dependent on the seafood sector? Mint explains:

time to read

2 mins

September 26, 2025

Mint New Delhi

Mint New Delhi

HI-B crisis sparks legal scramble for new HR solutions

Law firms and corporations are racing to tackle the human resources impact of the vexed H-1B matter, after US President Donald Trump's latest immigration crackdown threw India's $283 billion IT sector into turmoil.

time to read

3 mins

September 26, 2025

Mint New Delhi

CAFE-3 pitches big relief for small cars

Lower fleet-wise emissions for small cars in latest BEE draft

time to read

4 mins

September 26, 2025

Mint New Delhi

Mint New Delhi

Makhana to millets, snack makers tap into mindful munching

Urban Indians' appetite for healthier snacking is growing and no food is off limits as snack-makers race to cash in on the trend.

time to read

3 mins

September 25, 2025

Mint New Delhi

Mint New Delhi

What is Trump's problem with paracetamol?

US President Donald Trump has linked the use of over-the-counter painkiller Tylenol (paracetamol) by pregnant women to an increased risk of autism in children, leading to widespread alarm.

time to read

2 mins

September 25, 2025

Mint New Delhi

New highway builders may toll older parallel roads too

Highway developers winning new projects may also be allowed to operate older parallel roads and charge tolls on them, in an effort to reduce toll leakage and attract more investors.

time to read

2 mins

September 25, 2025

Mint New Delhi

Mint New Delhi

Govt unwraps $8 bn outlay to buoy ports, shipping

India is setting sail on its biggest maritime bet yet, with the Union cabinet on Wednesday unveiling an incentive package of ₹69,725 crore or about $8 billion for the shipping and ports industry.

time to read

3 mins

September 25, 2025

Mint New Delhi

Mint New Delhi

Large exposure rule begins to squeeze corporate lending

A six-year-old Reserve Bank of India (RBI) rule meant to keep a check on banks' lending to large corporate groups is once again causing heartburn for lenders.

time to read

3 mins

September 25, 2025

Mint New Delhi

Mint New Delhi

Insolvency relief for homebuyers soon

Separating troubled projects, early house registration proposed

time to read

3 mins

September 25, 2025

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