Hyderabad, January 5, 2026 – Nava Limited (NSE: NAVA | BSE: 513023) on Monday approved a buyback proposal from its wholly owned Singapore subsidiary Nava Global Pte. Ltd., enabling the parent to receive $50 million, equivalent to approximately Rs 450 crore, through partial monetisation of its overseas investment.
The approval was granted by the company’s board at its meeting held earlier in the day. The transaction involves the repurchase of a portion of shares held by Nava Limited in its Singapore arm, while the group continues to retain full ownership and control post buyback.
Key Buyback Details
Under the approved proposal, Nava Global Pte. Ltd. will buy back 99,20,635 equity shares, representing 3.97 percent of its total share capital, from Nava Limited.| Particulars | Details |
|---|---|
| Number of shares bought back | 99,20,635 equity shares |
| Percentage of subsidiary share capital | 3.97 percent |
| Buyback price | $5.04 per share |
| Total consideration | $50 million |
| Approximate rupee value | Rs 450 crore |
| Post-buyback ownership | 100 percent retained by Nava Limited |
Valuation and Capital Impact
The transaction allows Nava Limited to unlock value from a mature overseas subsidiary while maintaining strategic and operational control. Despite the reduction in the number of shares held, there is no change in voting rights, ownership structure, or control of the Singapore entity or its downstream subsidiaries.The consideration received will be net of the historical investment cost of Rs 48.33 crore for the shares being bought back, calculated on a FIFO basis.
Strategic Rationale
The buyback is intended to support efficient capital allocation across the group. By utilising surplus cash at the subsidiary level, Nava aims to strengthen liquidity at the parent level to support future acquisitions, expansion projects, and ongoing investments across its diversified businesses.Commenting on the development, Managing Director and CEO Ashwin Devineni said the transaction reflects the group’s disciplined approach to capital management and long-term value creation, allowing capital to be redeployed in line with strategic priorities while preserving financial strength.
About the Company
Founded in 1972, Nava Limited is a publicly listed multinational with diversified interests spanning metals, energy, mining, healthcare, and commercial agriculture. The company is among India’s leading ferroalloy producers and also operates Zambia’s largest mine-to-mouth power plant, with a growing international footprint across Africa and Southeast Asia.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.