BASF India has signed a Share Purchase Agreement to acquire 26% equity share capital in Clean Max Amalfi Private Limited. The acquisition, conducted through Clean Max Enviro Energy Solutions Limited, involves an investment not exceeding Rs. 65.93 mio. This move is intended to secure approximately 28,860 MWh of renewable power annually for BASF’s manufacturing plants, furthering their commitment to sustainable energy.
Equity Stake Acquisition
BASF India has formalized an agreement to acquire a significant equity stake in Clean Max Amalfi Private Limited, signaling a move towards enhancing its renewable energy portfolio. The agreement, signed on November 11, 2025, involves acquiring 26% equity share capital of Clean Max Amalfi Private Limited.
Renewable Energy Procurement
The acquisition aims to procure approximately 28,860 MWh of renewable power annually, which includes green attributes. This power will support BASF’s manufacturing sites at Dahej and Panoli, contributing to a lower carbon footprint. The investment for this acquisition will not exceed Rs. 65.93 mio.
Strategic Rationale
This strategic move is designed to leverage renewable energy sources, specifically wind-solar hybrid power, to meet the energy needs of BASF’s key manufacturing locations. By using Captive Power Generation Mechanisms, BASF aims to benefit from the prevailing renewable energy policies of Gujarat. The closing of the transaction is subject to customary conditions and receipt of approvals.
Source: BSE
