Smartworks Cuts Stake In Associate Company Cleanmax

Smartworks is selling its stake to Cleanmax associate company Clean Max Enviro Energy Solutions

As a result of the dilution, Cleanmax ceases to be classified as an associate of the company

As per the filing, the transaction is expected to complete in a week

Smartworks Coworking Spaces Ltd has reduced its stake in its associate company Cleanmax DOS Pvt Ltd from 24.82% to 9.08% for INR 99 Lakh.

Smartworks is selling its stake to Cleanmax associate company Clean Max Enviro Energy Solutions.

“As a result of this…