Augment Infrastructure to acquire Warburg Pincus's, IFC’s majority stake in CleanMax for Rs1,650 crore
In July 2017, CleanMax said it has secured equity financing of as much as $100 million from Warburg Pincus. The other investor in the firm is UKCI, a joint venture between Green Investment Group and the UK government’s department for business, energy and industrial strategy
NEW DELHI : US investment firm Augment Infrastructure will acquire Warburg Pincus LLC’s and International Finance Corp.’s majority stake in rooftop solar power producer CleanMax Enviro Energy Solutions Pvt. Ltd for ₹1,650 crore. The deal value includes new investments in Mumbai-based CleanMax.