TVS Srichakra has acquired 5,915 Equity Shares of Rs 10 each, representing 5.92% of the equity share capital of Navia Two Power (Navia), for a total consideration of Rs 59,150 for purchase of renewable energy under the Group Captive mode.
Navia is special-purpose vehicle for the purpose of owning and operating a Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.
TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motor grader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.
