NTPC Limited 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. This acquisition, completed on 7 May 2026, will make NEWS a wholly-owned subsidiary of NTPC.
The transaction, valued at ₹5,20,000 for 52,000 equity shares at a face value of ₹10 per share, is a related party transaction. However, it is exempted from requiring approval from the Audit Committee under Regulation 23 of the SEBI (LODR) Regulations, 2015, as it involves a listed public sector undertaking and a government entity.
The acquisition is part of NTPC’s strategy to consolidate its Waste to Wealth business within the wholly-owned subsidiary. NEWS, which was incorporated on 1 June 2020 as a joint venture between NTPC and MCD, operates in the waste management and energy generation sector. Prior to the acquisition, NTPC held a 74% stake in NEWS.
The NTPC Board and the House of Corporation, MCD, have both approved the acquisition, which is expected to be completed in the first quarter of FY 2026-27. The acquisition will be settled in cash.
NEWS has its registered office in Delhi and has reported turnover figures of ₹0.34 lakh, ₹0.29 lakh, and ₹1.28 lakh for the financial years 2022-23, 2023-24, and 2024-25, respectively.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).