Brookfield Corporation (TSX:BN) acquired an unknown minority stake in Clean Max Enviro Energy Solutions Pvt. Ltd. from Augment Infrastructure, UK Climate Investments UKCI, Godrej Industries Limited (BSE:500164), Nadir Godrej and others on April 24, 2023.

Brookfield Corporation (TSX:BN) completed the acquisition of an unknown minority stake in Clean Max Enviro Energy Solutions Pvt. Ltd. from Augment Infrastructure, UK Climate Investments UKCI, Godrej Industries Limited (BSE:500164), Nadir Godrej and others on April 24, 2023. On completion, Brookfield held a 51% stake in CleanMax Enviro and Augment Infrastructure and founder of Clean Max Enviro, Kuldeep Jain, will retain a majority of the remaining 49% stake in the company. The total investment made by Brookfield, including the initial injection and secondary equity purchase, is approximately INR 25 billion. With this acquisition, Brookfield now controls approximately 9 GW of renewable energy assets across seven Indian states, comprising solar, wind, and hybrid projects in various stages of operation and development. The company also reported revenues of INR 7,017.2 million in FY22. Ankush Goyal, Nayantara Nag, Deep Choudhuri, Kannan Rahul, Rahul Arora, Atul Gupta, Riyaz Bhagat, Nisha Kaur Uberoi, Gautam Chawla, Yash Bansal, Swapnil Phadnis, Astha Srivastava, Ronak Talati, Kanishka Maggon, Parvathy Tharamel, Vividha Bawa, Nikhil Issar, Shouri Bhat, Pranav Butalia, Shubhi Agarwal, Amlan Guha, Nimesh Chowdhury, Nishtha Gupta, Neha Vijayvargi, Ankush Walia, Ipshita Dey, Pallav Gupta, Akhil Kumar, Amit Badesra, Charulatha Jagadish, Rishabh Garodia, Rishabh Prasad, Natasha Rao, Saksham Agarwal, Sakshi Ajmera, Gaurav Utagikar, Sneha Banerjee, Hitesh Kumar A, Madhav Kapoor, Akanshha Agrawal, Aditi Sharma, Ansif Latheef and Nikita Shrimal of TriLegal Partners acted as legal advisor to Brookfield Corporation (TSX:BN).