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Nava board approves buy back of shares

19 Feb 2025 Evaluate
Nava has informed about proposal for buyback of up to 72,00,000 fully paid-up equity shares of face value INR 1 each (Equity Shares) by the Company (Buyback), representing up to 2.48 % of the total number of Equity Shares of the Company, at a price of INR 500.00 (Rupees Five Hundred only) per equity share payable at cash for a total consideration not exceeding INR Rs. 360.00 crores (Rupees Three Hundred and Sixty Crores only) (excluding the transaction costs such as brokerage, filing fees, advisors fees, legal fees, public announcement publication expenses, printing charges, dispatch charges, securities transaction tax stamp duty etc.) (Transaction Costs) (Buyback Size), representing 9.87 % and 5.78 % of the total paid-up equity share capital and free reserves (including securities premium account) as per the latest audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended March 31, 2024, respectively through the Tender Offer route as prescribed under the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 as amended (Buyback Regulations), on a proportionate basis from the equity shareholders/ beneficial owners of the Equity Shares of the Company excluding promoters, members of promoter group, as on the record date. The Company has fixed Friday, February 28, 2025, as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of Equity Shares. Anand Rathi Advisors Limited, a SEBI Registered Merchant Banker, has been appointed as the Manager to the Buyback. The meeting of the Board of Directors commenced at 10:00 AM IST and ended at 11:45 AM IST. Weblink: The same is made available on the website of the Company at https://www.navalimited.com/investors/stock-exchange-disclosures/disclosure.

The above information is a part of company’s filings submitted to BSE.

Nava Share Price

704.50 77.85 (12.42%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Metal & Ferro 1566.85
Maithan Alloys 1036.10
Nava 704.50
Indsil Hydro Power 41.30
Shyam Century 5.61
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