Block deals, Sept 3: Meesho sees ₹1,650 crore block deal; Clean Max witnesses ₹199 crore transaction

Continuing the trend of large transactions, Dalal Street witnessed another day of big-ticket block deals in the first half of the session on Thursday, September 3.

According to NSE data, Meesho witnessed a big-ticket transaction worth ₹1,650.40 crore. As many as 8,00,00,000 shares changed hands on the NSE.

Meanwhile, Clean Max Enviro Energy Solutions saw a trade worth ₹199.31 crore. As many as 16,33,727 shares changed hands during the block deal window.

The NSE has two block deal windows each trading day.

The morning block deal window, or the first session, operates from 8:45 AM to 9:00 AM, while the afternoon block deal window, or the second session, operates from 2:05 PM to 2:20 PM.

How shares were performing

At 10:58 AM, shares of Meesho traded 1.15% lower at ₹209.17 apiece on the NSE, while Clean Max Enviro Energy Solutions was up 4% at ₹1,307.10.

What earlier news reports said

Earlier on Wednesday, news reports said that Japanese investment major SoftBank was looking to pare its holding in e-commerce company Meesho. The final transaction was larger than the share sale size indicated in the reports on September 2.

SoftBank was initially expected to sell around 7 crore shares, or a 1.5% stake, in Meesho through its investment vehicle SVF II Meerkat DE for about ₹1,435 crore. The proposed sale size was later reported to have been increased to around ₹1,634 crore.

SVF II Meerkat DE held an 8.60% stake in Meesho as of the June 2026 quarter, according to the company's shareholding pattern. Bank of America and JP Morgan were expected to be the bankers for the transaction.

About Clean Max Enviro Energy Solutions

Clean Max Enviro Energy Solutions posted a net profit of ₹55 crore in the June quarter (Q1 FY27), mainly on the back of higher revenues.

The company had reported a loss of ₹17 crore in the year-ago period.

According to the company's statement, revenue from operations grew 107% year-on-year (YoY) to ₹832 crore in Q1 FY27, compared to ₹402 crore in Q1 FY26, led by a larger operational asset base and ramp-up in the RE Services segment.

The company reported PAT (profit after tax or net profit) of $55 crore in Q1 FY27, aided by operating leverage and a larger base of stabilised assets.

CleanMax's total contracted capacity, including the RE Services segment, stood at 6.8 GW as of June 30, 2026.

The board has also approved a proposal to raise up to $2,500 crore through issuance of listed, rated, redeemable, non-convertible debentures/bond on a private placement basis.

Kuldeep Jain, Founder & Managing Director, said in the statement, "We added a record new capacity of over 500 MW in the first quarter, and are well on track to meet our guidance of adding a minimum of 1,500 MW of new capacity during the year."

IPO and listing details

In March 2026, Clean Max listed with a discount of nearly 10% against the issue price of ₹1,053.

The stock started trading at ₹952.20, down 9.57% from the issue price on the BSE.

At the NSE, it listed at ₹960, a discount of 8.83%.

The company's market valuation stood at ₹10,111.54 crore.

The initial public offering of Clean Max Enviro Energy Solutions Ltd received 94% subscription on the last day of the share sale.

The ₹3,100 crore IPO had a price band of ₹1,000-₹1,053 per share.

The IPO had a fresh issue of shares worth up to ₹1,200 crore and an offer-for-sale (OFS) of shares valued at ₹1,900 crore by promoters and an investor shareholder.

Founded in 2010, CleanMax specialises in net zero emissions and decarbonisation solutions for commercial and industrial customers. Its offerings include renewable power supply -- wind, solar, hybrid -- energy services, and carbon credit solutions.