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Waa Solar disinvests stakes in three companies

07 Mar 2024 Evaluate

Waa Solar has disinvested its entire stake 73.99% (7,399 Equity Shares) in M/s Madhav Infracon (Ashta Kannod Corridor) to M/s Madhav Power. Consequent upon the said dis-investment, M/s Madhav Infracon (Ashta Kannod Corridor), ceased to be a subsidiary of the Company.

Further, the company has disinvested its entire stake 99.77% (11,17,399 Equity Shares) in M/s Madhav Infracon (Bhopal Vidisha Corridor) to M/s Madhav Power. Consequent upon the said dis-investment, M/s Madhav Infracon (Bhopal Vidisha, ceased to be a subsidiary of the Company.

The company has also sold 18.99% (18,999 Equity Shares) in M/s Madhav (Phoolsagar Niwas Shahpura Corridor) Highways. With this, the company now held 30% stake in M/s Madhav (Phoolsagar Niwas Shahpura Corridor) Highways. Consequent upon the said dis-investment, Madhav (Phoolsagar Niwas Shahpura Corridor) Highways, will continue to remain as an associate of the company. 

Waa Solar is mainly engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle (SPV) associate and subsidiaries companies which are engaged in solar power generation activities.

WAA Solar Share Price

54.94 -0.51 (-0.92%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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