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Nava board approves buyback of shares

21 Feb 2025 Evaluate
Nava has informed that the Board of Directors of the Company have approved the buyback of up to 72,00,000 (Seventy Two lakhs only) fully paid-up equity shares of the Company, having a face value of INR 1 (Rupees one only) each (Equity Shares), at a price of INR 500 (Rupees Five hundred only) per equity Share payable in cash, for an aggregate amount up to INR 360,00,00,000 (Rupees Three hundred and sixty crore only), on a proportionate basis through the tender offer route (Buyback), in accordance with the Companies Act, 2013, as amended, and rules made thereunder, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (Buyback Regulations) and other applicable laws. In compliance with Regulation 7(i) of the Buyback Regulations, the public announcement dated February 20, 2025 (Public Announcement) pertaining to the Buyback has been published on February 21, 2025 in the newspapers: Financial Express, Jansatta, and Mana Telangana. The copy of the said Public Announcement is enclosed as Annexure 1. The aforementioned is also available on the Company’s website at https://www.navalimited.com/investors/stockexchange-disclosures/disclosures/.

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
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Nava 704.50
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