Tata Communications Acquires 26% Stake in Clean Max Yuhdul to Boost Renewable Energy Goals
Tata Communications Limited signed a Share Purchase Agreement on May 8, 2026, to acquire 2,600 equity shares representing a 26% stake in Clean Max Yuhdul Private Limited for ₹26,000/- in cash. The SPV, incorporated on October 23, 2025, operates in solar and wind power generation and has not yet commenced operations. The acquisition supports Tata Communications' sustainability goals, including carbon neutrality, net-zero targets, and captive renewable energy use at its Karnataka offices.
*this image is generated using AI for illustrative purposes only.
Tata Communications Limited has entered into a Share Purchase Agreement on May 8, 2026, with Clean Max Enviro Energy Solutions Limited and its wholly-owned subsidiary Clean Max Yuhdul Private Limited, to acquire a minority stake in the special purpose vehicle (SPV). The transaction was disclosed to stock exchanges on May 9, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Acquisition Details
Under the agreement, Tata Communications will acquire 2,600 equity shares representing a 26% stake in Clean Max Yuhdul Private Limited. The purchase consideration is entirely in cash, at ₹10/- per share, aggregating to a total consideration of ₹26,000/-. The transaction does not classify as a related party transaction, and no governmental or regulatory approvals are required for its completion.
The key parameters of the acquisition are summarised below:
| Parameter: | Details |
|---|---|
| Target Entity: | Clean Max Yuhdul Private Limited |
| Agreement Date: | May 8, 2026 |
| Shares Acquired: | 2,600 equity shares |
| Stake Acquired: | 26% |
| Price Per Share: | ₹10/- |
| Total Consideration: | ₹26,000/- |
| Nature of Consideration: | Cash only |
| Related Party Transaction: | No |
| Regulatory Approvals Required: | Not Applicable |
About Clean Max Yuhdul Private Limited
Clean Max Yuhdul Private Limited was incorporated under the Companies Act, 2013 on October 23, 2025. The SPV operates in the power generation segment through non-conventional energy sources, specifically solar and wind energy. As of the date of this disclosure, the entity has not commenced operations and does not have any reportable financials.
Strategic Rationale
The acquisition is aligned with Tata Communications' broader sustainability agenda. The transaction is intended to support the company's long-term carbon neutrality and net-zero targets, while also improving energy cost efficiency through increased use of renewable energy. Specifically, the investment is designed to enhance the company's renewable energy footprint at its offices in Karnataka through captive power consumption.
Regulatory Disclosure
The intimation was filed by Zubin Adil Patel, Company Secretary and Compliance Officer of Tata Communications Limited, on May 9, 2026. The disclosure was made in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The relevant documents have also been made available on the company's investor relations website.
Will Tata Communications look to increase its stake in Clean Max Yuhdul Private Limited beyond the initial 26% as the SPV scales up its solar and wind operations in Karnataka?
How does this captive renewable energy investment in Karnataka fit into Tata Communications' broader timeline for achieving its net-zero targets, and which other geographies might see similar SPV arrangements?
Could Tata Communications replicate this SPV-based captive power model with Clean Max or other renewable energy developers across its data center and office footprint in India?
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