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Sangam (India) inks pact to acquire 49% stake in Clean Max Kenai

29 Jan 2026 Evaluate

Sangam (India) has entered into share purchase agreement to acquire 49% equity shares of Clean Max Kenai, a company engaged in generation and transmission of renewable energy. The acquisition is to augment captive renewable energy capacity of up to 20 MW for the company’s Rajasthan-based plants through a qualifying Wind-Solar Hybrid captive project, ensuring long-term cost efficiency and sustainability. The cost of acquisition is up to Rs 24 crore.

Sangam (India) is engaged in manufacturing of cotton, synthetic blended yarns, open yarn, synthetic and denim fabric weaves, cotton knitted fabric seamless garment knitting, and fabric processing.


Sangam India Share Price

512.55 -10.35 (-1.98%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 135.90
Vardhman Textiles 605.20
Arvind 441.40
K.P.R. Mill 937.05
Page Industries 36214.40
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