With this, NTPC EDMC Waste Solutions Private Limited (NEWS) will become a wholly-owned subsidiary of NTPC, which presently holds 74 per cent stake, the power giant said in an exchange filing.
“NTPC has signed an agreement with Municipal Corporation of Delhi and NTPC EDMC Waste Solutions Private Limited for termination of Joint Venture Agreement dated 11th June 2019 and acquisition of MCD’s 26 per cent shareholding (52,000 equity shares) in NEWS,” the filing said.
NTPC on Thursday said it has acquired 26 per cent stake from Municipal Corporation of Delhi (MCD) held in a joint venture company NTPC EDMC Waste Solutions.
