Reportedly, CleanMax has raised Rs 4 billion in a pre-initial public offering (IPO) funding round from 360 One Asset Management to support promoter stake consolidation ahead of its planned public listing.
The stake was acquired from Augment Infrastructure and the Danish Investment Fund. The funding raised at 13 per cent interest for three years is expected to be repaid from IPO proceeds. The company is expected to file its draft red herring prospectus (DRHP) later this year.