Nava Bharat Ventures enters into agreement for sale of Sugar Division

Nava Ltd. | Ferro & Silica Manganese | Metals & Mining | BSE: 513023 | NSE: NAVA

04 May 2021 Evaluate

Nava Bharat Ventures has entered into a binding agreement for the sale of plant and equipment, excluding land, pertaining to Sugar Division. The company had earlier announced regarding cessation of operations at the Sugar Division of the Company situated at Samalkot, East Godavari District, Andhra Pradesh.

Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.

Peers

Company Name	CMP
Nava	550.80
Indian Metal & Ferro	1228.80
Maithan Alloys	954.45
Indsil Hydro Power	39.25
Shyam CenturyFerrous	5.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.