NTPC acquires MCD's stake in waste solutions subsidiary
pre-market1 source ↓written by the desknot a recommendation
- in NTPC EDMC
- 26% stake
- and follows NTPC's
- 52,000 equity shares
- in the joint
- 74% ownership
NTPC has signed a Termination Agreement with the Municipal Corporation of Delhi to acquire a 26% stake in NTPC EDMC Waste Solutions, converting it into a wholly-owned subsidiary. This acquisition involves 52,000 equity shares and follows NTPC's previous 74% ownership in the joint venture.
This move strengthens NTPC's position in the waste management sector, potentially enhancing operational efficiencies and market reach.
Not investment advice. For informational purposes only.