Clean Max Enviro Energy Solutions jumps after 25 billion rupee green bond issue
Shares rose as much as 3.18% to 1,416.80 rupees after the company raised 25 billion rupees through green non-convertible debentures on a private placement basis.
08 million) through green non-convertible debentures on a private placement basis. Clean Max said the proceeds will fund or refinance solar, wind, hybrid power and battery storage projects. The company also said the issuance widens its access to long-term institutional funding beyond equity and project-level debt. compiled data showed CLEM is rated "strongbuy" on average by 7 analysts, with a median target price of 1,650 rupees.
61% since listing on March 2. 1250 Indian rupees)