Cummins India approves acquisition of stake in Clean Max
Cummins India has received board approval to acquire an 8.78 per cent equity stake in Clean Max for a total consideration of Rs 27 million. The transaction marks Cummins India’s entry into the renewable energy sector through a minority investment. The board has formally cleared the acquisition, under which Cummins India will purchase the stake as part of its strategic investment plans. The approval covers the full transaction value and confirms the company’s intent to…
