CleanMax Enviro Energy Solutions is preparing for an initial public offering. The renewable energy company aims to raise ₹4,000-₹5,000 crore. The IPO will include both primary and secondary share sales. It values CleanMax at around ₹18,000-₹20,000 crore. Brookfield and other investors will sell stakes. The funds will support CleanMax’s future growth. Axis Capital and other banks are managing the offering.
RBI cancels 30-year green bond auction amid high bids
The Reserve Bank of India (RBI) cancelled a ₹5,000 crore green bond auction for the 30-year paper, despite receiving bids exceeding ₹10,943 crore. This cancellation,