NTPC Acquires MCD's 26% Stake in NTPC EDMC Waste Solutions, Converting JV into Wholly-Owned Subsidiary
Published on: May 7, 2026, 10:24 p.m. | Source: scanx.trade
NTPC Limited signed a Termination Agreement with MCD and NTPC EDMC Waste Solutions Private Limited (NEWS) on 7 May 2026, acquiring MCD's 26% shareholding of 52,000 equity shares in NEWS for a cash consideration of Rs. 5,20,000/- at a face value of Rs. 10/- per share. With NTPC already holding 74% in NEWS, the acquisition will make NEWS a wholly-owned subsidiary of NTPC. The deal, approved by the NTPC Board and MCD's House of Corporation, is expected to be completed in Q1 of FY 2026-27 and aims to consolidate NTPC's Waste to Wealth business.
