Augment India Sells ₹1,096 Crore Clean Max Stake; Belgrave Cuts Holding in Electrosteel Castings

A series of large open-market transactions took place on September 28, with sizeable stakes changing hands in Clean Max Enviro Energy Solutions, Electrosteel Castings, Bliss GVS Pharma and Paisalo Digital. 

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Augment Infrastructure Partners, through Augment India I Holdings, sold a 7.25% stake in Clean Max Enviro Energy Solutions for nearly ₹1,096 crore. In another transaction, Mauritius-based Belgrave Investment Fund sold 4.67% of Electrosteel Castings for ₹207.14 crore. 

Following the transactions, Clean Max shares ended 1.46% lower at ₹1,373.10. Electrosteel Castings closed almost unchanged at ₹72.35, up 0.01%, with heavy trading volumes on the NSE. 

Augment India Sells 7.25% in Clean Max 

Augment India I Holdings sold a total of 85.02 lakh Clean Max shares through two transactions. 

It sold 8.69 lakh shares at ₹1,288.40 apiece for ₹111.98 crore. Another 76.33 lakh shares were sold at ₹1,289.01 each for ₹983.95 crore. Together, the transactions were valued at ₹1,095.93 crore. 

Augment India held 9.5% in Clean Max as of June 2026. 

Of the shares sold, 26.21 lakh were picked up by HSBC India, ICICI Prudential Life Insurance Company and Goldman Sachs. 

HSBC India Infrastructure Equity Mother Fund purchased 7.88 lakh shares for ₹101.5 crore at ₹1,288.40 per share. ICICI Prudential Life Insurance Company bought 11.15 lakh shares at the same price for ₹143.7 crore. 

Goldman Sachs Investments Mauritius I acquired another 7.18 lakh shares at ₹1,289.04 each, taking the transaction value to ₹92.62 crore. 

Belgrave Sells 4.67% of Electrosteel Castings 

Belgrave Investment Fund also reduced its holding in Electrosteel Castings. 

The fund sold 1.87 crore shares at ₹71.28 each and another 1.01 crore shares at ₹72.33 apiece. The combined transactions represented a 4.67% stake and were worth ₹207.14 crore. 

Belgrave held 5.54% in Electrosteel Castings as of June 2026. 

Promoters bought a 3.03% stake from the shares sold by Belgrave, with the purchases valued at ₹133.73 crore. 

Asha Kejriwal acquired 55.94 lakh shares at ₹71.30 apiece, while Wilcox Merchants bought 48.25 lakh shares at ₹71.40 each. Mayank Kejriwal purchased 83.42 lakh shares at ₹71.20 per share. 

Anupam Rasayan Picks Up Stake in Bliss GVS Pharma 

Anupam Rasayan India purchased 22.5 lakh shares of Bliss GVS Pharma, equivalent to a 2.12% stake. 

The specialty chemicals company paid ₹162.74 crore for the shares at ₹723.29 apiece. 

Bliss GVS Pharma ended Monday’s session at a new closing high of ₹737.65, gaining 4.68% amid high trading volumes. 

Octaspace Realcon Raises Holding in Paisalo Digital 

Octaspace Realcon bought an additional 65.32 lakh shares in Paisalo Digital, representing a 0.71% stake in the non-banking finance company. 

The transaction was valued at ₹53.76 crore, with the shares purchased at ₹82.30 each. 

Octaspace Realcon already held 2.33% in Paisalo Digital as of June 2026. 

Paisalo Digital, however, closed 10.58% lower at ₹79.60 amid heavy volumes on the NSE. The fall marked the stock’s fourth consecutive session of losses.