NTPC acquires MCD's stake in waste solutions subsidiary
after close1 source ↓written by the desknot a recommendation
- of NTPC EDMC
- 26% acquisition
- formalized
- 7 May 2026
- and strengthens NTPC's
- 52,000 equity shares
NTPC Limited has finalized a 26% acquisition of NTPC EDMC Waste Solutions Private Limited from the Municipal Corporation of Delhi, converting it into a wholly-owned subsidiary. The deal, formalized on 7 May 2026, involves 52,000 equity shares and strengthens NTPC's position in waste management operations. This move may enhance operational efficiencies and revenue streams for NTPC in the waste management sector.
Not investment advice. For informational purposes only.