Waa Solar Ltd disinvested all stakes and ceased to be subsidiaries of M/s Madhav Infracon (Ashta Kannod Corridor) Private Limited, M/s Madhav Infracon (Bhopal Vidisha Corridor) Private Limited, and transferred shares to M/s Madhav Power Private Limited. Madhav (Phoolsagar Niwas Shahpura Corridor) Highways Private Limited continued to be an associate.