Warburg Pincus sells its stake in Cleanmax to US company for Rs 1,650 crore
Global private equity fund Warburg Pincus has sold its stake in rooftop solar power producer Cleanmax Enviro Energy to Augment Infrastructure, a US investment firm. The deal, a mix of both primary and secondary capital, is worth Rs 1,650 crore, a senior company official said.
“Augment has acquired a controlling stake in the company as Warburg Pincus and IFC have exited through this transaction,” said Kuldeep Jain, founder and managing director, Cleanmax.
