Acquisitions7 May 2026, 06:01 pm
NTPC Acquires MCD's 26% Stake in NEWS for ₹5.2 Lakh
AI Summary
NTPC Ltd has executed a termination agreement with the Municipal Corporation of Delhi (MCD) and NTPC EDMC Waste Solutions Private Limited (NEWS) to acquire MCD's 26% shareholding in NEWS. The acquisition, completed on May 7, 2026, makes NEWS a wholly-owned subsidiary of NTPC. The cost of acquisition is ₹5,20,000 for 52,000 equity shares at ₹10 per share. NTPC intends to consolidate its Waste to Wealth business through this acquisition. Approvals were secured from the NTPC Board and House of Corporation, MCD.
Key Highlights
- NTPC acquires MCD's 26% stake in NEWS for ₹5.2 Lakh.
- NEWS becomes a wholly-owned subsidiary of NTPC.
- The acquisition will consolidate NTPC's Waste to Wealth business.
- Transaction exempted from Audit Committee approval under SEBI regulations.
- Acquisition is expected to be completed in Q1 of FY 2026-27.