Clean Max shares jumped 7.5% on Monday as a block deal moved 87.97 lakh shares—worth ₹1,199 crore—at ₹1,363 each, lifting the stock to ₹1,451 by 9:24 a.m.
The transaction, priced above the floor of ₹1,250, saw Augment India Holdings as a key player, selling 7.25% of its equity stake. Augment’s average acquisition cost was a mere ₹285 per share, a stark contrast to the ₹1,363 block price.
Promoters hold 49.42% of Clean Max, with the public owning 50.58%. Augment India’s 9.5% stake remains significant, and its exit points back to the IPO where it sold ₹541 crore worth of shares.
Clean Max’s business narrative is dominated by AI and data‑centre contracts: its renewable‑power capacity for hyperscalers has leapt from 250 MW in April 2024 to 2,500 MW today, representing 35% of the Indian hyperscaler market. The company now manages 2.6 GW of AI‑related capacity, 1.7 GW of which is directly with hyperscalers.
Macquarie has just entered the coverage space, issuing an “outperform” rating and a ₹1,700 target price. All nine analysts covering the stock lean toward a “buy” stance, reinforcing bullish sentiment.
The market’s enthusiasm is evident: the share is up 16% in the past month, 32.4% from its issue price, and 45.2% from its listing price. The block deal’s impact on liquidity and long‑term valuation will be closely watched as the company approaches its next earnings announcement. Investors will likely keep an eye on any subsequent guidance or strategic moves that could further lift the share price.